OXT is currently trading at $0.1252, showing a 3.18% increase over the last 24 hours. The price has tested the recent high of $0.1302 but remains below its 24-hour low of $0.1197, indicating a potential consolidation phase. This creates an opportunity for scalping strategies to capitalize on short-term price fluctuations. The volume-to-market cap ratio at 7.78% suggests decent liquidity for quick trades. Given the all-time low was hit at $0.04664, OXT has rebounded strongly, but the current price remains significantly below its all-time high of $1.02.
Suggested Trading Strategy:
Long Position:
Action: Buy on support
Entry Range: $0.1230 - $0.1245
Stop-Loss (SL): $0.1212 - $0.1228
Take-Profit (TP): $0.1263 - $0.1430
Short Position:
Action: Sell on resistance
Entry Range: $0.1290 - $0.1300
Stop-Loss (SL): $0.1306 - $0.1319
Take-Profit (TP): $0.1251 - $0.1105
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