$O
#O LONG
Entry: 0.4750 - 0.4850
Stoploss: 0.4450
Take Profit: 0.5100
Take Profit 2: 0.5400
Bounced sharply off the 0.44 low and broke back above the dotted 0.483 line, recovering most of the 30-day drop. It's consolidating just under that recent spike to 0.51, so a hold above 0.48 keeps the recovery structure intact.
Order book is leaning short though (58%), so there's some resistance in positioning even with price action looking constructive — worth watching how it handles that 0.51 level before adding size.
#O LONG
Entry: 0.4750 - 0.4850
Stoploss: 0.4450
Take Profit: 0.5100
Take Profit 2: 0.5400
Bounced sharply off the 0.44 low and broke back above the dotted 0.483 line, recovering most of the 30-day drop. It's consolidating just under that recent spike to 0.51, so a hold above 0.48 keeps the recovery structure intact.
Order book is leaning short though (58%), so there's some resistance in positioning even with price action looking constructive — worth watching how it handles that 0.51 level before adding size.