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Omniusdtidea

$OMNI/USDT – Wait Before You ChaseSEED_DONKEYDAN_MARKET_CAP:OMNI has already exploded with a parabolic breakout, rallying massively after breaking above the falling wedge resistance around $1.63. Current Situation: Massive impulse candle from $1.6 to over $4.5 Price retracing after the overextended move Strong rejection near $3.35 Ideal Entry Zone (wait-for-pullback): Between $1.47 – $1.63 Aligns with previous resistance and breakout zone Could act as retest support Setup After Retest: Entry: $1.50 – $1.63 range SL: Below $1.36 Targets: $2.37 → $3.15 → $4.50 Risk-Reward: High if patience wins over FOMO Patience is key. Don’t chase pumps. Wait for the price to cool off. DYOR | Not financial advice #OMNI #Altcoins
Long
by ScramblerG
OMNI Network: Potential Breakout and Upside TargetBINANCE:OMNIUSDT Hey traders, Looking at the BINANCE:OMNIUSDT chart, we've observed significant price fluctuations over the past month. After a drop to a key monthly support level around $8.5, the price action has developed within a converging pattern, forming both a minor ascending channel and a smaller neutral channel simultaneously. Recently, the price has tested the upper boundary (resistance) of this ascending channel. Coupled with a noticeable increase in trading volume and a rising market capitalization for OMNI, this suggests a strong probability of a breakout above this resistance level. Should this breakout occur, I anticipate a continuation of the upward momentum, with a potential target near the $15.00 price range. Also, I have a long trade position above $11.00. It's also worth noting that we're currently in the latter half of January, a period that often sees a slight dip in market volatility. Given the observed price action and supporting indicators, my bias leans towards long positions. However, as always, proper risk management and due diligence are crucial before entering any trades. Happy trading!
Long
by Arash-RK