$OM /USDT BULLISH BREAKOUT IMMINENT 🚀
Key Levels:
- Current Price: $3.8658
- Resistance Levels: $3.8731, $4.0529
- Support Levels: $3.8127, $3.7500
Trade Setup:
- Long Entry: $3.8658
- Target Price (TP): $4.0529
- Stop Loss (SL): $3.8127
Risk Management:
- Risk-Reward Ratio: 3:1
- Position Size: Adjust according to your risk tolerance, ideally risking no more than 1-2% of your trading capital.
Summary:
We are looking for a long trade on $OM/USDT due to the bullish momentum indicated by the recent price action. The price is currently testing a key resistance level at $3.8731. A breakout above this level could lead to a significant upward move towards the next resistance at $4.0529. The stop loss is set just below the recent support level to minimize potential losses. This setup offers a favorable risk-reward ratio, making it an attractive trade opportunity. 📈💸
Happy trading and may the market be in your favor! 📈💸