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OMUSDT trade ideas

$OMUSDT Chart: Cup & Handle Breakout in Progress. Bullish pump!! BINANCE:OMUSDT has completed a Cup and Handle pattern with a breakout. The Cup and Handle formation typically leads to strong upward moves, with momentum accelerating post-breakout. The price could rally towards key zones $4.1915, $4.5573 and finally $5.2100. However, traders should remain cautious and set stop-losses below $3.6600 to manage downside risks. Cup and Handle Formation: - A rounded "Cup" pattern has formed over several days, signalling gradual accumulation and reversal. - The "Handle" is represented by a small Bull Flag or downward-sloping consolidation, which is a bullish continuation signal. - The breakout from the handle signifies the resumption of the bullish trend. Parameters Entry: 3.97 TP1: 4.20 TP2: 4.55 TP3: 5.21 SL: 3.66 This is a 1:4 RR Bullish setup. Like and comment your thoughts about the setup.
Long
by Kene247
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Long
by Eoin_bell48
Should I Close My OMUSDT Trade at 3300% Profit?Hello traders! 👋 I need your input on a crucial decision regarding my OMUSDT trade. I started accumulating OM Token (OMUSDT) from April 2023 to September 2023, strategically buying the dips and bringing my average buy price to 0.021. Fast forward to today, the current price stands at 0.718, representing a remarkable gain of over 3300%! 🚀 To manage risk and secure profits, I began distributing my accumulated holdings in December 2023, selling off 40% of my position. Currently, I hold 30,000 coins at an average buy price of 0.021. Now, here's where I need your insight: OMUSDT recently hit a new all-time high (ATH) on March 19th, 2024, reaching 0.94953. With the price approaching the previous ATH of 0.88760, I'm contemplating whether to close the remaining portion of my trade or continue holding for further upside potential. Though being a Long Term Accumulator, i prefer to HODL it , but i think i should close some more major part of it like 60% in total and hold rest of 40% i have already sold 40% of holding and rest 30000 coins i hold! Peace Out!
Long
by shyamnair
6