$OMG/USDT 4h (Binance Futures) Falling wedge breakout
OmiseGo (a.k.a. OMG Network / OMG Foundation) bounced on 100EMA support and broke bullish, looking good for continuation.
More information about that token which uses PoA (Proof Of Authority) consensus mechanism on omg.network/
Current Price= 14.2492
Buy Entry = 14.1814 - 13.4828
Take Profit= 15.8717 | 18.2124 | 20.0865
Stop Loss= 12.4679
Risk/Reward= 1:1.5 | 1:3.21| 1:4.58
Expected Profit= +29.50% | +63.34% | +90.44%
Possible Loss= -19.72%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
More information about that token which uses PoA (Proof Of Authority) consensus mechanism on omg.network/
Current Price= 14.2492
Buy Entry = 14.1814 - 13.4828
Take Profit= 15.8717 | 18.2124 | 20.0865
Stop Loss= 12.4679
Risk/Reward= 1:1.5 | 1:3.21| 1:4.58
Expected Profit= +29.50% | +63.34% | +90.44%
Possible Loss= -19.72%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active:
First entry filled
OmiseGo retraced down to demand zone retesting 100EMA support, now we are in!
OmiseGo retraced down to demand zone retesting 100EMA support, now we are in!
Trade closed: target reached:
TP1 reached with +29.50% (2x) and +1.5R
OmiseGo pumped after retesting 100EMA support, accurately filling all entries then bringing quite decent profit!
Higher targets are surely in play, SL updated the lowest entry (13.4828$) to secure the trade.
OmiseGo pumped after retesting 100EMA support, accurately filling all entries then bringing quite decent profit!
Higher targets are surely in play, SL updated the lowest entry (13.4828$) to secure the trade.
Comment:
Airdrop coming for OmiseGo holders
On November 12th, a BOBA token airdrop will take place for OMG holders on a 1:1 basis!
Be sure to read about the early bird bridging bonus of 5%, more details on Boba Network
Check it out: boba.network/airdrop/
On November 12th, a BOBA token airdrop will take place for OMG holders on a 1:1 basis!
Be sure to read about the early bird bridging bonus of 5%, more details on Boba Network
Check it out: boba.network/airdrop/
Trade closed manually:
Remaining position hit updated SL with -5.06% (2x) and -0.26R
OmiseGo lost 100EMA support and legged down, we did well moving the Stop Loss the other day.
Average profit +12.22% (3x) and +0.62R if you TP half of your position at 1st target.
We still expect to go back up in the future, especially before the $BOBA airdrop so we'll keep an eye open.
OmiseGo lost 100EMA support and legged down, we did well moving the Stop Loss the other day.
Average profit +12.22% (3x) and +0.62R if you TP half of your position at 1st target.
We still expect to go back up in the future, especially before the $BOBA airdrop so we'll keep an eye open.
OmiseGo went up as expected, sadly entry was missed by 0.00248$, we hope some of you guys entered on time manually!
We may be filled later this week so we'll keep that set-up running.