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.