A lot of Volume kicked in at Oxyperp, And all indicators switched to sell mode. Were selling from here on.
sl 0,0730
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We'll be looking to accumulate $OXY, we'll take out our initial investment around 4-7% gain. The profits will be left in $OXY to have exposure to price action.
There is not much of a pattern here we are basically trading at all time lows but we are at a point where it can only literally lose all of it's value if it goes lower and a stop loss while fairly wide can be easily applied and justified when thinking of the potential reward. I believe that if it holds these lows that it will retrace back up to the 88.6% retrace...
Setup: Oxy just got rejected off the 4h 20 EMA. On higher timeframe, Oxy also looks bearish, adding confluence to our chart
Entry: When Macd crosses down
SL: 1 Atr above the 20 EMA( for a aggression trade) or 1 ATR above the 50 EMA( for a safer trade)
TP: Recent swing low at 0.21 or Ride the trend
Entries were completely trapped and liquidated if using 2x margin or above. Buying is becoming aggressive. There's a lot of confluence at 78-79 cents which could cause a nice bounce after reaching those levels. Waiting for bulls to show up.
OXY has been consistently lower highs and lows, so we will ride the strong trend. We can see that OXY respect the 20 MA, so we will wait for a price rejection candle formed after it hits the 20 MA or wait for a breakout. This will be our entry point. We will exit after OXY break 1 ATR above the 4h 20 MA
On the above 1-day chart price action has corrected 50% since late September. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal of course.
2) RSI is printing higher lows as a breakout of RSI resistance is confirmed.
3) Multiple ‘bullish engulfing’ candles.
4) Price action makes an impulsive move to the upper half the...
We Have 4 Hour Bullish Divergence and a Double Bottom at the PCZ of this Bullish Gartley that price action has held itself together surprisingly well at during the Bearish price Action on Bitcoin. We did however see a weird wick down in the Spot Market but the Futures Market held together very well at this PCZ and we might see another decent rise up.
We finally had a huge sell down into the PCZ entry of this Gartley with lots of volume behind it; lets see if we can get a bounce and start going up from here again.
Looks like a breakout for $3.5 and possibly $5+
if price goes above $5, a pure fomo in the market might come through for $10 ...
This has very little volume but quite a chance for a showoff if time is on its side
OXY is a Solana based project that launched recently.
Price has just confirmed bullish market structure on the 4hr on bullish MACD Divergence in the reload Zone.
Still below trendline resistance, this one one we'll be looking at closely on any dips that follow with invalidation at lows
So... I entered at 2.91 like 1 month ago. Now there are 2 plausible scenarios. If it goes up, I recommend going on short term. If it drops, it might fall to USD 2.6-2.4.
It would be very helpful if you could make some "marketing" on reddit forums for OXY. It has a relatively low market cap (180 million USD), so it would be very easy to take OXY to the moon. And...
