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$VOXEL on April 20, 2025 Let's break it down step by step.
Analysis of $VOXEL
Current Price: $VOXEL is at 0.1281 USDT, with a 224% increase in the last 24 hours.
Moving Averages (MA):
MA(7): 0.04433 USDT
MA(50): 0.06367 USDT
MA(100): 0.09884 USDT
The current price is well above the MA, indicating a strong short-term bullish trend.
Support and Resistance Levels:
Support: The nearest support is around 0.02017 USDT (recently before the rise).
Resistance: The nearest resistance is around 0.16382 USDT, with the potential next resistance at 0.17100 USDT.
Volatility and Momentum:
A 224% increase in 24 hours indicates high volatility and bullish momentum. The overall spot trading volume is around 500M, and the perpetual trading volume across major exchanges is very high, with values recorded between 1B and 2B at about 4-5 exchanges, indicating that traders are very enthusiastic.
However, sharp increases are often followed by corrections or consolidations.
Statistics:
7 days: +384%
30 days: +60.50%
90 days: -9.43%
YTD: -28.60%
Although short-term performance is very positive, long-term performance (90 days and YTD) indicates a previous bearish trend.
Is it Suitable for a Long Position Right Now?
Pro: A 224% increase in 24 hours and 384% over 7 days indicates strong bullish momentum. The price has broken out from MA(100) and previous resistance at 0.09884 USDT.
Cons: Sharp increases are often followed by pullbacks or corrections. With high volatility, the risk of correction increases, especially after a 224% rise in 24 hours.
Conclusion: Entering a long position right now is quite risky due to the possibility of a correction. However, if you want to enter, wait for a pullback to the support level ( around 0.09884 USDT or MA(100)) to achieve a safer entry with a higher probability of success.
Target Profit (TP) and Trailing Stop for Buy Position (Spot/Futures)
Target Profit 80% in 5 Days:
Current price: 0.1281 USDT.
Target 80%: 0.1281 × 1.8 = 0.23058 USDT.
Realistic TP in 5 Days: Considering resistance at 0.16382 USDT and 0.17100 USDT, a realistic TP in 5 days is around 0.16382 USDT, TP2 0.29478 USDT, TP3 0.43511 USDT
Trailing Stop:
For a buy position, the trailing stop can be set at 10-15% below the highest price after entry. For example, if the price rises to 0.16382 USDT, the trailing stop can be set at 0.15925 USDT (15% below 0.16382 USDT).
Stop Loss:
A stop loss can be placed below the nearest support level, which is 0.09884 USDT (MA(100)), to limit losses if the price declines.
Higher probability (~60-70%) if the bullish momentum continues.
Reasonable TP Target in 1 Week
With the current momentum, a realistic TP in 1 week is 0.29475 USDT.
Always use a healthy RR and an acceptable ratio to anticipate failures!