Direction
Long
Published
October 23, 2024
Status
Token
FOXY
Trigger
Chart Pattern
Type
Trade Strategy
Updated
About + Tokenomics
Chart Analysis
Token Name | Foxy |
Symbol | FOXY |
CoinMarketCap Rank | 2798 |
Market Cap | 32M |
Volume 24h | 3.3M |
Total Supply | 10B |
Circulating Supply | 3B |
FOXY is the leading meme coin on Linea and experienced some massive hype lately. Chart-wise, the token is forming a cup and handle pattern on the daily chart. If the price can break above the pattern’s resistance at $0.012, we should see some immediate upward momentum. Additionally, the token shows some promising profit potential.
Furthermore, all technical indicators indicators a bullish trend continuation and momentum (see below).
Technical Indicators
- MACD: Bullish 🟢
- RSI: Neutral 🟢
- VMA: Bullish 🟢
- Triple EMA: Price trades above all EMAs 🟢
- ADX: 35, indicating no trend 🟢
Chart
Trade Setup
- Entry: Wait for a break above $0.012 and confirmation on the daily chart.
- Profit Target 1: Slightly below $0.017 (~45%)
- Profit Target 2: Slightly below $0.026 (~120%) — make sure to take some profits on the way up.
- Stop Loss: ~$0.013