$ADX /USDT – Watching for a Move
I'm watching ADX, currently at $0.0562, up +0.36%, and showing some stability after bouncing from the $0.0557 low. The AVL at $0.0563 is slightly above price, indicating some selling pressure, but the 24h high is $0.0579, so there's room to run. Volume is weak, with MA(5) at 32.8K and MA(10) at 294K, but the structure is consolidating in a tight range between $0.0557 and $0.0579. I'm watching for a break above $0.0579 with volume to confirm a move higher, or a break below $0.0557 to signal further downside. For now, I'm staying patient and waiting for confirmation before I consider any trade.
I'm watching ADX, currently at $0.0562, up +0.36%, and showing some stability after bouncing from the $0.0557 low. The AVL at $0.0563 is slightly above price, indicating some selling pressure, but the 24h high is $0.0579, so there's room to run. Volume is weak, with MA(5) at 32.8K and MA(10) at 294K, but the structure is consolidating in a tight range between $0.0557 and $0.0579. I'm watching for a break above $0.0579 with volume to confirm a move higher, or a break below $0.0557 to signal further downside. For now, I'm staying patient and waiting for confirmation before I consider any trade.