OHM watching and waiting for entry at $400 area.
OHM is a project I've been waiting to enter for a while but currently doesn't show a good risk to reward.
It is following its downtrend and I'm not willing to catch a falling knife. I think it's going to be a bumpy downtrend with some opportunities to catch some profit. However, as the trading mantra says, trade with the trend. It would be irresponsible to enter long here without seeing a confirmation of reversal. A short prospect is more promising, however this depends on how BTC reacts in the next week.
I'm expecting to enter long if this reaches the $400 area.
It is following its downtrend and I'm not willing to catch a falling knife. I think it's going to be a bumpy downtrend with some opportunities to catch some profit. However, as the trading mantra says, trade with the trend. It would be irresponsible to enter long here without seeing a confirmation of reversal. A short prospect is more promising, however this depends on how BTC reacts in the next week.
I'm expecting to enter long if this reaches the $400 area.