$OMG/USDT 4h (Binance Futures) Falling wedge breakout
Updated
OmiseGo (a.k.a. OMG Network / OMG Foundation) bounced on 100EMA support and broke bullish, looking good for continuation.
More information about that token which uses PoA (Proof Of Authority) consensus mechanism on omg.network/
Current Price= 14.2492
Buy Entry = 14.1814 - 13.4828
Take Profit= 15.8717 | 18.2124 | 20.0865
Stop Loss= 12.4679
Risk/Reward= 1:1.5 | 1:3.21| 1:4.58
Expected Profit= +29.50% | +63.34% | +90.44%
Possible Loss= -19.72%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
More information about that token which uses PoA (Proof Of Authority) consensus mechanism on omg.network/
Current Price= 14.2492
Buy Entry = 14.1814 - 13.4828
Take Profit= 15.8717 | 18.2124 | 20.0865
Stop Loss= 12.4679
Risk/Reward= 1:1.5 | 1:3.21| 1:4.58
Expected Profit= +29.50% | +63.34% | +90.44%
Possible Loss= -19.72%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Comment
TP1 would have been reached with up to +24.26% (2x)OmiseGo went up as expected, sadly entry was missed by 0.00248$, we hope some of you guys entered on time manually!
We may be filled later this week so we'll keep that set-up running.
Trade active
First entry filledOmiseGo retraced down to demand zone retesting 100EMA support, now we are in!
Trade closed: target reached
TP1 reached with +29.50% (2x) and +1.5ROmiseGo pumped after retesting 100EMA support, accurately filling all entries then bringing quite decent profit!
Higher targets are surely in play, SL updated the lowest entry (13.4828$) to secure the trade.
Comment
Airdrop coming for OmiseGo holdersOn November 12th, a BOBA token airdrop will take place for OMG holders on a 1:1 basis!
Be sure to read about the early bird bridging bonus of 5%, more details on Boba Network
Check it out: boba.network/airdrop/
Trade closed manually
Remaining position hit updated SL with -5.06% (2x) and -0.26ROmiseGo lost 100EMA support and legged down, we did well moving the Stop Loss the other day.
Average profit +12.22% (3x) and +0.62R if you TP half of your position at 1st target.
We still expect to go back up in the future, especially before the BBOBA airdrop so we'll keep an eye open.
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