OM/USDT: Buy Stop at 0.9750 on Consolidation Breakout, 1:2 R/R
OM/USDT is gearing up for a breakout from its current consolidation pattern. Placing a buy stop at 0.9750 to capitalize on the expected upward move following the breakout. Targeting a risk/reward ratio of 1:2, this setup is designed to exploit the momentum beyond the consolidation zone. As the price breaks and holds above 0.9750, we anticipate a swift move towards higher price levels. Ensure to monitor the trade closely for optimal performance and adjust stops and targets as the market evolves.
Trade active
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.