Despite recent negative price action, Mantradao is continuing to print higher lows on the daily chart and the 20EMA is also holding above the 50. Prices remain above the 0.618fib level, which is acting as key support.
Relatively fresh to the Binance scene so it does add extra risk factor as theres not much previous price action to go off.
Although, from the recent price action it does look like we created a new, recent uptrend, and we're about to find out if we can hold it or not.
We would be running quite a nice risk/reward ratio so I'll be entering and setting a relatively...
The buying force is still trying to stop the decline of OM and if successful, it will help OM in moving up to 0.65$ or even 0.85$ zone in this April
📅EVENTS
👉Apr 6 : TRO & GAINS Launch
👉Apr 7 : FMT Launch
👉Apr 7 : Zendit Token Offering
📈BUY
-Buy: 0.44-0.46$. SL B
📉SELL
-Sell: 0.64-0.66$. SL A
-Sell: 0.83-0.87$. SL A
♻️BACK-UP
-Sell: 0.44-0.46$. SL A
-Buy:...
OM shows a long term bullish setup. We have a cup and handle pattern, as well as a retrace currently that extends down to the 61.8% line. The bounce off of this line is bullish by itself, but once the lid is broken, we should see some steep gains up to $1.80 - $2.20
Target for this pattern is technically lower, as previous lip is lower, however because we are...
-Wait for the candle to close above the blueline with good volume.
-you can follow the analysis on 1H , 2H sometimes 15M timeframe, but the important is the volume.
-Go step by step.
*NB:BLUELINE: entry level
GREENLINE : take profit
REDLINE: stop loss
Mantradao Om is currently downtrending with the rest of the market, but it is still above a key support level. The daily chart has retraced to the 0.618 fib golden pocket zone from its recent high and despite the MACD and RSI appearing bearish still, is potentially forming an impressive cup and handle.
OM got Binance listed and therefore has seen a big pump.
We even crusehd the previous ATH and are currently within a pullback.
Looking for a new entry we see two possibilities shown by the box areas.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the...
