Potential OmiseGo (OMG) head- & shoulder pattern setup.

There is a good potential head- & shoulder pattern to open a long trade, we just need confirmation it finish the head- & shoulder pattern.

Buy: 8.20 usd
Stop-loss: 8.00 usd
Target 1: 9.25 usd
Taget 2: 10.50 usd

Trade ist aktiv:

Trade active Bought at 8.20 usd

Trade ist aktiv:

We did hit our first target really fast! We sold our position at 9.25 because of our limit order. And bought back again @9.10 with a stop-loss @8.80. We bought again because of the new good setup.

I recommend people always set a sell order at your first target price. Because if a coin is pumped really fast, like in this trade, you most often get a pull-back. So what I like to do is take ur profit at the first target and look for a good momentum to reach the second target and buy in.

When a market go more slowly, you can just move ur sell order to the second target!