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OMUSDT - TRIANGLE BREAKOUTSymbol - OMUSDT OMUSDT is a noteworthy asset in the current market context, as it stands out as one of the few coins exhibiting bullish momentum while many altcoins are experiencing successive declines. The situation may be partially influenced by BTCUSD, should Bitcoin undergo a more significant downturn, this could impact the broader market, as no asset would be immune. However, locally, Bitcoin appears to be forming a resistance breakout. If the bullish trend persists, OMUSDT could find a catalyst to support its upward movement. At present, attention is focused on the resistance level of the triangle pattern and the base of the 5.6755 structure. Two potential bullish scenarios should be considered: growth following a breakout above resistance or a rebound after a false breakdown of support. Resistance levels: 5.9822, 6.3000 Support levels: 5.7500, 5.6755 Currently, the price is consolidating within the bounds of the triangle. However, once the resistance is broken, the market may enter a realization phase, with a potential sharp upward impulse. Beyond the 6.3000 level, there are no significant resistance levels to be encountered.
Long
by akshit_official
1 Inch Swing Long Setup Update- Inch followed my path and it exactly moved the way I had anticipated - My overall expectation out of 1inch remains the same and I am still bullish - If you already have 1 inch in your bag or accumulated it in the dip then you can keep adding more and more size in every retracement you see. - Do not start cutting your size until the overall market turns bearish, the only key to compound your gains is by adding more to your winners and by holding them for long and the opposite goes for your losers. - IMO you can hold this and do not square off before the first quarter.
Long
by VKtradesimbalance
Technical Analysis: DYDX/USDT - Token Unlock in progress? When analyzing the DYDX/USDT chart, it becomes evident that the token is currently positioned at a robust resistance level, accompanied by an increasing selling pressure. For traders considering selling positions, the recommended selling area for DYDX/USDT is within the range of 2.200-2.250. This range presents an opportunity to capitalize on the ongoing consolidation and potential downward movement in the market. Traders should closely monitor price action to identify optimal selling opportunities within this range. Based on our analysis, we anticipate the price of DYDX/USDT to decline towards the range of 1.700-1.800. This potential downside provides traders with a target range for profit-taking. However, it is important to remain alert to a potential breakout scenario. If the price breaks out above the 2.200-2.250 range, it could indicate a shift in market dynamics. In such a scenario, we might witness a move upwards towards the range of 2.700-2.800. Traders should carefully evaluate the market conditions and consider adjusting their trading strategy accordingly. By incorporating these technical indicators and employing a well-defined trading strategy, traders can make informed decisions within the DYDX/USDT market. Stay updated with price movements and market developments to optimize your trading outcomes.
Short
by Un_trade