Here is my analysis of OM USDT on the 8 hour chart which in a giant triangle (orange trendline) We see a bullish falling wedge (blue) To go long, the best entry at breakout and close of a candle above it!
The entry for long only above 0.1612, stop loss 0.1335. Below the stoploss line 0.1355 expect the price to decline to 0.0856.
The targets are marked in the chart. Keep an eye on the orange trendline which is heavy resistance!
Good luck and I wish all of you a happy, successful and healty 2022!
Disclaimer This is my view, no advice to buy or sell. Also always do your own research!
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Comment
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Dear friends,
The target was exactly! Profit 48.65 without leverage.
@sondvptit, Great motivaton for me, Thanks so much!
sondvptit
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Happy New Year! Wishing you a lot of health and luck!
Ether2020
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@sondvptit, I wish you also an amazing new year and I hope you will make good profits! Keep your stops tight in this market and moneymanagement are the most important to preserve your hard earned money!
edrak.art
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thanks and happy new year 🙏
Ether2020
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@Edrak.art, Thank you my dear friend! I wish you also a super 2022!