OCEAN has clearly begun forming higher highs and higher lows.
This is not a definite sign of a reversal, but it is signalling an
excellent opportunity for a low risk trade. Many coins are reversing,
so it makes sense to enter trades like this for some decent medium
or long term positions.
The ideal buy price would be at previous resistance, which we are hoping
turns into support.
If this trade turns out well, we can swing trade parts of the position
to add onto the overall size, and then wait for clear signs of a selloff
before we completely exit.
This is not a definite sign of a reversal, but it is signalling an
excellent opportunity for a low risk trade. Many coins are reversing,
so it makes sense to enter trades like this for some decent medium
or long term positions.
The ideal buy price would be at previous resistance, which we are hoping
turns into support.
If this trade turns out well, we can swing trade parts of the position
to add onto the overall size, and then wait for clear signs of a selloff
before we completely exit.