OMUSDT has been stuck in a downtrend for weeks, but things are getting interesting.It’s now forming a falling wedge, a pattern that often signals a strong bounce is coming.
If it breaks out with good volume, we could see a sharp move up toward the $0.59–$0.65 zone, which is nearly 180% from here.
But if it drops below the wedge, that setup gets invalidated.
DYRO, NFA
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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.