Omusdt trading Idea

OMUSDT has been trading within a falling wedge formation for some time now, with the price moving in a series of lower highs and lower lows. However, the price has recently experienced a breakout from a falling wedge formation, which is a bullish reversal pattern.

As shown on the chart, we are expecting the price to continue rising towards our targets, which are based on the height of the wedge formation. Our targets are shown on the chart and indicate potential significant gains from current levels.

In terms of stop loss, we recommend placing it below the accumulation zone to limit potential losses in case of a sudden drop in price. If the price were to break through the stop level, the landing zone shown on the chart will be our crucial support level, which has historically acted as support and resistance in the past.

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Always practice proper risk management by using stop-loss orders and only risking a small percentage of your trading capital on each trade.

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