OCEANUSDT Ready to spring upwards on the Daily
Ocean has broken out of a long term downtrend on the daily and has retested the larger trendline while also forming a small falling wedge.
The 20/50/100/200 EMA are all tightly sitting together and providing a strong area of support for Ocean to bounce from.
Obv is also climbing and has had a small break upwards. We are starting to see large pumps on certain alts across the board so could see Ocean follow any time soon.
Overall starting to form a bullish structure.
I have opened a long position at 0.77 after retest of larger trendline break and breakout of the smaller wedge.
Will take profits at TP1 and TP2
The 20/50/100/200 EMA are all tightly sitting together and providing a strong area of support for Ocean to bounce from.
Obv is also climbing and has had a small break upwards. We are starting to see large pumps on certain alts across the board so could see Ocean follow any time soon.
Overall starting to form a bullish structure.
I have opened a long position at 0.77 after retest of larger trendline break and breakout of the smaller wedge.
Will take profits at TP1 and TP2
Comment:
Still looking good, took 50% profit slightly early around the .96 mark to roll into other coins. Going to try ride out the rest to tp2
Comment:
TP1 Hit, Exited half of position at 40% profit
Trade closed manually:
Better Opportunities else where at the moment. Closed rest of position to roll the dry powder over to other coins. Can reenter this again later when we stop correcting.