OM Short Trade Opportunity
Market Context:
OM appears to have completed its fifth wave upward, suggesting a potential correction phase. Weak macro fundamentals and liquidity on the downside indicate that a break of support could lead to further downside movement.
Trade Details:
Entry Zone: Around $7.7
Take Profit Targets:
$7.0
$6.1
$5.4
Stop Loss: Daily close above $8.3
This setup aims to capitalize on a breakdown of support and capture momentum toward lower liquidity zones. 📉
OM appears to have completed its fifth wave upward, suggesting a potential correction phase. Weak macro fundamentals and liquidity on the downside indicate that a break of support could lead to further downside movement.
Trade Details:
Entry Zone: Around $7.7
Take Profit Targets:
$7.0
$6.1
$5.4
Stop Loss: Daily close above $8.3
This setup aims to capitalize on a breakdown of support and capture momentum toward lower liquidity zones. 📉
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.