Hi guys, i hope you are well. So last week we had some profitable shorts which i shared. This week am looking for long opportunities. In my opinion OGN might outperform bitcoin short term.
My analysis is simple on the short term bitcoin seems to be developing a bottom. so we might see a break to the upside. Looking at this chart we can see we actually brokeout from the bearish pressure and The bulls have constantly tried to rally the token and have actually managed to post a higher low. So this looks like a nice opportunity to buy in anticipation it will outperform bitcoin in the coming week.
My analysis is simple on the short term bitcoin seems to be developing a bottom. so we might see a break to the upside. Looking at this chart we can see we actually brokeout from the bearish pressure and The bulls have constantly tried to rally the token and have actually managed to post a higher low. So this looks like a nice opportunity to buy in anticipation it will outperform bitcoin in the coming week.
Comment:
Hi, so just as we got into our long btc dumped to 31954.65. Well we now have to evaluate our long and analyze if its worth holding. So our stoploss for ogn is 0.66. so as for now it hasnt been triggered.By the way to clarify am trading ognusdt So lets take a stepback and look at whats its likely outcome.If you scroll to the comment section. you can follow through. Even despite the dump we are forming strong support on 0.6750 zone on the 45 min chart. if we break this support zone, and trade below it for like 2 candlesticks. i will close the long and take the loss.
Trade active:
Always remember you can recover the loss and still make a profit on your next trade. So am holding for now.
Trade active:
Also for those asking my entry was 0.7239.
Trade active:
hi guys, So this trade is going better than i expected. But now is the time to start taking some profits and reducing your risk.Always conserve your capital. Cheers
