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OKX is an online cryptocurrency exchange platform that permits traders to buy, sell, trade, mine, and even lend crypto.
Currently, the exchange lists over 300 coins, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), along with the in-house token OKB, which provides specific discounts and perks to token holders.
Any daily close above $75 confirms further bullishness.
OKBUSD gained more than 20% in the past three days. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $61.87 and is currently trading around $59.54.
The bullish invalidation can happen if the pair closes below $38. On the lower side, the near-term support is $49. Any close below targets of $45/$40.
The pair's near-term resistance is around $62. Any breach above confirms minor bullishness. A jump to $65/$70 is possible. A surge past $70 will take it to $75.
It is good to buy on dips around $49-50 with SL around $38 for TP of $75.
