Long
$OMG/USDT 4h (#BinanceFutures) Descending trendline break retest
OMG Network has pulled back to 50MA support where we expect it to bounce towards 200MA resistance and continue inside the channel.
Current Price= 4.631
Buy Entry= 4.640 - 4.470
Take Profit= 5.247 | 5.744 | 6.441
Stop Loss= 4.085
Risk/Reward= 1:1.45 | 1:2.49 | 1:3.96
Expected Profit= +30.14% | +51.92% | +82.50%
Possible Loss= -20.84%
Fib. Retracement= 0.559 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Tags: #OMG #OMGUSDT #OmiseGo #PoA #OmgFoundation #BOBA #BobaNetwork #Layer2 #Scaling #DeFi #Payment
Websites: omg.network boba.network
Contract:
#ERC20 0xd26114cd6ee289accf82350c8d8487fedb8a0c07
Current Price= 4.631
Buy Entry= 4.640 - 4.470
Take Profit= 5.247 | 5.744 | 6.441
Stop Loss= 4.085
Risk/Reward= 1:1.45 | 1:2.49 | 1:3.96
Expected Profit= +30.14% | +51.92% | +82.50%
Possible Loss= -20.84%
Fib. Retracement= 0.559 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Tags: #OMG #OMGUSDT #OmiseGo #PoA #OmgFoundation #BOBA #BobaNetwork #Layer2 #Scaling #DeFi #Payment
Websites: omg.network boba.network
Contract:
#ERC20 0xd26114cd6ee289accf82350c8d8487fedb8a0c07
Trade closed: target reached
TP1 reached with +30.14% (2x) and +1.45ROm gNetwork bounced on support and pushed higher, regaining 200MA!
Bullish continuation is likely, SL adjusted to lowest entry to secure the trade.
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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.