Pembelian
OMGUSDT 1D long setup based on huge bull flag formation
Diupdate
TA Explained
OMGUSDT developed a huge bull flag on the daily timeframe. The structure is similar to OMGBTC situation which strengthens this OMGUSDT setup.
On the 4H TF we can see price broke out of a falling wedge, broke previous support and is creating a bull flag at the same time. Once it will break the trendline, price cant be stopped. Below current price we have a support area, all fib levels, MA and EMA and previous low to support the price before reaching the SL.
Lets get to the best part of it. If this plays out look at the targets and the potential profit, its huge!! 3rd target is 56% without leverage! And most of all it’s not unrealistic.
Because of the SL used here, i’d suggest to use not more than 3x leverage for a max of 24% loss of position.
Trade setup
Best entries: 1.4750 - 1.5150
TP1: 1.7543
TP2: 2.0426
TP3: 2.3318
SL: 1.3796
RR: 7.25
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
OMGUSDT developed a huge bull flag on the daily timeframe. The structure is similar to OMGBTC situation which strengthens this OMGUSDT setup.
On the 4H TF we can see price broke out of a falling wedge, broke previous support and is creating a bull flag at the same time. Once it will break the trendline, price cant be stopped. Below current price we have a support area, all fib levels, MA and EMA and previous low to support the price before reaching the SL.
Lets get to the best part of it. If this plays out look at the targets and the potential profit, its huge!! 3rd target is 56% without leverage! And most of all it’s not unrealistic.
Because of the SL used here, i’d suggest to use not more than 3x leverage for a max of 24% loss of position.
Trade setup
Best entries: 1.4750 - 1.5150
TP1: 1.7543
TP2: 2.0426
TP3: 2.3318
SL: 1.3796
RR: 7.25
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Trade aktif
First target reached. Trade is still active unless remainder of position is closed on break even if you moved SL to entry.
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