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Analysis of VOXEL trading position recommendations for short-term, medium-term, and long-term, for both spot and futures trading.
Technical Analysis
Current Prices and Trends:
Last price: 0.06243 USDT, down 1.92%.
The chart shows a long bearish trend from March ( to early April ), followed by a sharp spike ( pump ) around April 15, then a correction, and now the price is in a consolidation phase with a slight increase.
The current price is below the EMA 9 (0.0681) and EMA 26 (0.0617), indicating bearish pressure in the short term, but there is potential for a reversal as the price has just bounced off the support level.
Support and Resistance Levels:
Support: Around 0.0400 ( lowest level before pump ) and 0.06243 ( current level that holds ).
Resistance: Around 0.09716 (highest level during the pump) and 0.0800 (minor resistance level).
The current price is near a key support level, which could be a rebound point for an increase.
Indicator:
MACD (12, 26): MACD line (-0.0025) below the signal line (0.00149), with a negative histogram (0.00403), indicating bearish momentum, but the gap is narrowing, suggesting potential reversal.
Volume: Volume increased during the pump on (15 April) and during the correction, indicating high market interest. The current volume is (55.94M) stable, with volume up 16% supporting the potential consolidation before the breakout.
EMA Cross: EMA 9 is above EMA 26, but the price is below both, indicating a short-term bearish phase.
Overall Sentiment:
The market appears to be in an accumulation phase after a large pump correction. There is a chance for a short-term rise if the support holds, but the risk of a decline still exists if the support at 0.06243 is breached.
Trading Recommendations
Short Term ( 1-3 Days )
Position: Buy (buy) with a quick target.
Reason: The price is near the key support (0.06243), with stable volume and MACD showing potential reversal. This is an opportunity for short-term scalping or swing trading.
Spot Trading:
Entry: 0.06243 (current price).
Target: 0.0800 (+28%).
Stop Loss: 0.0580 (-7%).
Futures Trading (Leverage 3-5x):
Entry: 0.06243.
Target: 0.0800.
Stop Loss: 0.0580.
Note: Use low leverage to manage volatility risk.
Medium Term (1-2 Weeks)
Position: Buy, but wait for breakout confirmation.
Reason: If the price successfully breaks through the resistance of 0.0800 with high volume, this could mark the beginning of a bullish trend towards 0.09716. However, if it fails, the price may revert to the support of 0.0400.
Spot Trading:
Entry: Wait for breakout above 0.0800.
Target: 0.09716 (+21% of 0.0800).
Stop Loss: 0.0700 (-12.5% of 0.0800).
Futures Trading (Leverage 3x):
Entry: 0.0800 ( after breakout confirmation ).
Target: 0.09716.
Stop Loss: 0.0700.
Long Term (1-3 Months)
Position: Hold or accumulate.
Reason: The price has formed a base at 0.0400, and the previous pump showed significant market interest. If the global bullish trend in the crypto market continues, for example, if Bitcoin rises, VOXELUSDT has the potential to retest previous highs.
Spot Trading:
Entry: Accumulate at 0.06243 or lower ( if it drops to 0.0400).
Target: 0.1200 (+92% of 0.06243).
Stop Loss: Not required for long-term hold strategies.
Futures Trading: Not recommended for the long term due to high volatility risks.
Best Trading Options
Spot (Jangka Pendek): Buy at 0.06243, target 0.0800, stop loss 0.0580. This is the safest option with low risk.
Futures (Medium-Term): Buy after breakout 0.0800, target 0.09716, stop loss 0.0700. This has a higher profit potential with leverage, but the risk is also higher.
Risks and Warnings
The crypto market is very volatile. Make sure to manage risk with proper position sizing.
Monitor news related to the VOXEL project and the overall sentiment of the crypto market.
If the support at 0.06243 is breached, the price could fall to 0.0400. In this scenario, avoid entry and wait for a bottom confirmation.