$OMG/USDT 2h (Binance Futures) Falling wedge breakout
Updated
OMG Network (formerly know as OmiseGo) broke bullish and is likely to continue upward after a last pull-back.
Current Price= 9.4824
Buy Entry = 9.4439 - 9.2439
Take Profit= 10.1241 | 10.8064 | 12.0778
Stop Loss= 8.7847
Risk/Reward= 1:1.4 | 1:2.62 | 1:4.89
Expected Profit= +46.95% | +37.44% | +87.78%
Possible Loss= -17.94%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 1 week
Current Price= 9.4824
Buy Entry = 9.4439 - 9.2439
Take Profit= 10.1241 | 10.8064 | 12.0778
Stop Loss= 8.7847
Risk/Reward= 1:1.4 | 1:2.62 | 1:4.89
Expected Profit= +46.95% | +37.44% | +87.78%
Possible Loss= -17.94%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 1 week
Trade active
All entries filled Omg started going towards 1st target yesterday then went down for full retest of the wedge.
Stop was almost hunted, but fortunately bounced on time, SL updated to 8.5237$ now!
Trade closed: target reached
TP1 reached with +25.05% and +1.4ROmg is quite volatile, dipped back to entry and now heading to second target!
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