OG/USDT Assessing Cup and Handle Formation

20 nov. 2023

OG/USDT currently exhibits a potential Cup and Handle formation, signaling a possible bullish pattern. This structure typically entails a rounded bottom followed by a smaller consolidation, resembling a cup with a handle.

The basic entry and target levels have been identified, presenting potential opportunities for traders. However, special attention must be paid to the neckline zone a crucial level that determines the pattern's validation. A breakout above this neckline could signify a confirmed bullish trend.

It's imperative to adhere to the suggested stop-loss level to manage potential risks effectively. This stop-loss serves as a safeguard, helping to minimize losses in the event of an unexpected market movement.

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