Risk : %9 | Reward %560
There is one more thing that caught my attention. U can observe the rise in RSI and volume . This can be evaluated for the risk-to-reward ratio.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.2145).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. OOEUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42
Take Profits:
TP1= @ 0.3518
TP2= @ 0.4084
TP3= @ 0.5080
TP4= @ 0.6530
TP5= @ 0.7652
TP6= @ 1.0296
TP7= @ 1.403
SL= Break below 0.19
There is one more thing that caught my attention. U can observe the rise in RSI and volume . This can be evaluated for the risk-to-reward ratio.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.2145).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. OOEUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42
Take Profits:
TP1= @ 0.3518
TP2= @ 0.4084
TP3= @ 0.5080
TP4= @ 0.6530
TP5= @ 0.7652
TP6= @ 1.0296
TP7= @ 1.403
SL= Break below 0.19