Trade Setup: OM Long Position
Market Context:
OM has remained extremely bullish over the last month, with prices continuing to push higher.
In case of any bearish news this week, potential buying opportunities are identified.
Trade Parameters:
Entry: Buy in the range of $0.93 to $1, ideally finding acceptance in the golden zone above the 0.618 Fibonacci level.
Take Profit:
First target: $1.40
Second target: $2.00
Stop Loss: Set at a daily close below $0.80.
Additional Notes:
Monitor for retests of the range high as support.
Be vigilant for acceptance above the 0.618 Fibonacci level to confirm the bullish trend.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
#OM #TradingStrategy #CryptoTrading 🎯
OM has remained extremely bullish over the last month, with prices continuing to push higher.
In case of any bearish news this week, potential buying opportunities are identified.
Trade Parameters:
Entry: Buy in the range of $0.93 to $1, ideally finding acceptance in the golden zone above the 0.618 Fibonacci level.
Take Profit:
First target: $1.40
Second target: $2.00
Stop Loss: Set at a daily close below $0.80.
Additional Notes:
Monitor for retests of the range high as support.
Be vigilant for acceptance above the 0.618 Fibonacci level to confirm the bullish trend.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
#OM #TradingStrategy #CryptoTrading 🎯
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