OMGUSDT is overall bearish trading inside the blue channel

Central and Eastern Europe Economic Outlook: Divergent Policy Responses Amidst Disappointing Activity

however, it is now now approaching the lower blue trendline acting as non-horizontal support and oversold area.

 


Moreover, the green area is a demand and support zone. So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of demand zone in green and the blue trendline.


As per my trading style:

I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management.

 

Central and Eastern Europe Economic Outlook: Divergent Policy Responses Amidst Disappointing Activity

Richard Nasr

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