lAwesome consolidation - $OM
📌The price is probably in one of the best consolidations at the moment, within which we are trading inside the ascending channel where we are constantly manipulating above the local lows and then buying back and forming a lot of buy-sell #liquidity above.
At the moment we successfully broke and consolidated above an important POC level + gave a successful retest of the lower boundary of the rising channel.
📝In the near future before going up, I expect to see one last manipulation with a test of the lower boundary of the resistance zone and another retest of the zone of buyer interest. The ultimate targets are the removal of the $0.9485 mitigation level and the renewal of the historical high of $1.047
🔜I plan to enter the trade from аcurrent ($0.75-$0.65) levels.
🛑 Stop loss will be at the level of ($0.60)
✅First take ($0.9485)
✅Second takeout ($1.047)
When the first take is reached, stop loss should be replaced to the entry price. Reaching the second take will be 61% of net movement.
