📊 **Technical Analysis:** - TOMO/USDT is currently trading near a critical resistance level at 1.5273. - The price has exhibited a consolidation pattern, indicating a potential upcoming move. - Strong support lies at 1.0461, serving as a crucial level to monitor for potential reversal or continuation. - The targets present possible exit points for traders, with progressive downside potential. - Traders are advised to exercise proper risk management and consider stop-loss strategies.
📈 **Trade Idea:** - **Short Position Entry:** Upon a clear break below the strong support at 1.0461, consider entering a short position. - **Targets:** Take profits at 1.3428, 1.2153, and 1.0988. - **Stop-Loss:** Set a stop-loss above the resistance level at 1.6109.
🚨 **Risk Warning:** Trading involves substantial risk and may not be suitable for all investors. Ensure you understand the risks and have a solid risk management strategy.
This analysis is for educational purposes and not financial advice. Always do your own research before making trading decisions. Good luck!
@LuciferCryptVIP 🌟
(Note: This analysis is not financial advice. Please do your own research before making any trading decisions.)