$OMG/USDT 4h (Binance Futures) Falling wedge breakout

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

Note

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 filled

OmiseGo retraced down to demand zone retesting 100EMA support, now we are in!

Trade closed: target reached

TP1 reached with +29.50% (2x) and +1.5R

OmiseGo 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.

Note

Airdrop coming for OmiseGo holders

On 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 -0.26R

OmiseGo 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 airdrop so we'll keep an eye open.

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