TradingOn

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

Long
TradingOn Aktualisiert   
BINANCE:OMGUSDT.P   OmiseGO / TetherUS PERPETUAL CONTRACT
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
Kommentar:
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 ist aktiv:
First entry filled

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

Trade geschlossen: Ziel wurde erreicht:
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.

Kommentar:
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 wurde manuell geschlossen:
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 $BOBA airdrop so we'll keep an eye open.


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