Long
OMG usdt price action analyse
I do not use any indicators for this analysis (except volume)
As we can see, we are in an upward trend and the price has grown in regular channels. (Blue Channel)
Trading in the primary channel is very risky because if the price falls, the first support will be beyond our imagination. But the second channel limits our risk.
There is a possibility of stopping in the $ 11 range (due to the compatibility of both oblique and horizontal support), but this month we will finally reach the new peak.
risk reward ratio>2
As we can see, we are in an upward trend and the price has grown in regular channels. (Blue Channel)
Trading in the primary channel is very risky because if the price falls, the first support will be beyond our imagination. But the second channel limits our risk.
There is a possibility of stopping in the $ 11 range (due to the compatibility of both oblique and horizontal support), but this month we will finally reach the new peak.
risk reward ratio>2
Trade closed: target reached
yesreached target at 2 days
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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.
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.