OCEANUSDT Ready to spring upwards on the Daily
Updated
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
Note
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 tp2Note
TP1 Hit, Exited half of position at 40% profitTrade 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.
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