OMG had a bounce at the 2.75-3$ support zone, which is a good opportunity to buy OMG because it can rally to the 4$ and even 5.5$ zones this November. But if the 1D candle closes below the 2.75-3$ zone, the OMG will easily lose 50% of its value in a few days.
📈BUY- LONG Strategy
- Buy close to 2.75-3$. Stoploss if B
📉SELL-SHORT Strategy
- Sell: 4-4.25$. Stoploss if A
- Sell: 5.25-5.5$. Stoploss if A
♻️BACK-UP Plan
- Sell close to 2.75-3$. Stoploss if A
- Buy: 1.5-1.75$. Stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"