Cryptocurrency OCEAN - we expect a local short. Trade #7Hello colleagues! It's time for our 7th potential trade!
Today we will share with you a forecast and a potential trade for OCEAN
The cryptocurrency market is now one step away from a strong momentum . Bitcoin's price is at the critical point of $25650-25750, below which there are a large number of stop orders from local buyers:
Therefore, during this update of the lows, a strong wave of decline may occur, as well as a false breakout of local lows and a strong growth momentum.
In our previous publications , we have shown cryptocurrencies for which we are ready to take long positions.
Today, we will talk about a short position, for which the entry point is, in our opinion, right now.
OCEAN 12H
On the chart, we can see that the price of OCEAN has begun a local correction of the upward wave from 17 August. Sellers have updated local lows, which has triggered a local rise in OCEAN. However, this growth does not yet look confident either by candlesticks or trading volumes.
If buyers are unable to update the daily high with candles from 04.09.23 today, entering a short position will be logical, reasonable, and low-risk.
If the local high is updated, buyers will have a better chance of continuing to grow to 0.3577. Therefore, we plan to set a stop order for ourselves quite short.
OCEAN short trade:
Enter = $0.3287
Stop = $0.3352( - 1.98%)
TP1 = $0.3031 (+5.84%)
TP2 = $0.2923
P/L ratio = 5.42
We allocate $10,000 for this trade . If successful, we will receive $1105 . If we make a mistake, we will lose $204
What do you think of this trade? Write in the comments below our forecast!
Oceanforecast
Ocean Protocol price corrects, but accumulates bullishness)In the two months since the previous OCEANUSDT idea was published, the price has more than doubled and reached two of the three take profit targets. That's "the magic number two" :)
In order for OCEAN price to reach the third target of $0.73, it needs to be a correction.
At this moment looking at the chart our ideal buy zone is $0.26-0.32 , where we can place buy orders in "a grid" and get a "tasty" average price.
And then, we hope, "to the mooooon")
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OCEANUSDT LONGEverything is crystal clear!
Buy now or at bottom of the channel!
Place stop loss regarding your strategy.
Take profit at levels.
*************************** ATTENTION *********************************
In my view, the price of bitcoin is in an unclear position!
It may go up, it may go down, the probability of both is almost equal.
Enter the market with very small volumes.
Do not forget that we have received our profits from the crypto market before!
Do not lose all those profits!
please read my view to BTC
ATTENTION again!
Follow the principles of capital management.
Pay attention to your strategy.
No analysis is 100% accurate, even if it sounds perfectly good.
You are responsible for your own trades, so do it carefully.
Cryptocurrencies are volatile and have been highly correlated with bitcoin in the past
