Long
OMG/USDT - Long on Reversal - HIGH RISK
https://www.tradingview.com/x/b3tENZDy/
From the Local top we have hit the 236
We have since pulled back to previous structure
Looking for a 1.618 move to the upside - accumulation area during the drop to local low
TP2 would be the 200 SMA on the 4H Chart
STOP is aggressive resulting in an R:R that is not ideal so tighten up the stop under the 20 SMA and lower your position size if needed.
This is Never Financial Advice - Just a analysis
From the Local top we have hit the 236
We have since pulled back to previous structure
Looking for a 1.618 move to the upside - accumulation area during the drop to local low
TP2 would be the 200 SMA on the 4H Chart
STOP is aggressive resulting in an R:R that is not ideal so tighten up the stop under the 20 SMA and lower your position size if needed.
This is Never Financial Advice - Just a analysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.