I'm setting up a buy trigger for OM. Among the crypto assets I track, this one has shown remarkable resilience. During today's market drop, most assets pulled back to the 200-period moving average, with even major market cap leaders like ETH and BNB breaking well below this key support level intraday. In contrast, OM remained strong, with its deepest decline barely dipping below the 20-period moving average.
Today's sharp market recovery indicates strong buying interest at lower prices, which is an undeniably bullish signal. However, given the market's recent streak of failed breakout attempts, I plan to approach this setup with caution.
I'm taking a modest position in OM if the trigger is activated. Due to the relatively wide stop-loss (-32%), I will allocate only 3% of my portfolio, limiting potential downside risk to -1%. On the upside, if the trade performs well, the projected return is 160%, translating to a +4,8% portfolio gain.
Today's sharp market recovery indicates strong buying interest at lower prices, which is an undeniably bullish signal. However, given the market's recent streak of failed breakout attempts, I plan to approach this setup with caution.
I'm taking a modest position in OM if the trigger is activated. Due to the relatively wide stop-loss (-32%), I will allocate only 3% of my portfolio, limiting potential downside risk to -1%. On the upside, if the trade performs well, the projected return is 160%, translating to a +4,8% portfolio gain.
Dagangan aktif
I am initiating a position in OM at this moment.The price action has formed a small flag, providing a new technical level to place the stop loss just below it. This setup offers a much more favorable risk profile, with a -15% stop-loss. As a result, the portfolio allocation for this trade will be 6.67%.
Entry price: 6.32
Stop-loss price: 5.35
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.