Almost a vertical drop in OMG should stop? In this we will help the price zone 5.8-6.2 $. Why did I decide exactly where the price will stop? See the global idea of OMG. This idea is a particle from the big picture that I see on this coin. The rebound will be fixed in 3 price zones: 1) 7.05-7.3$ 2) 7.7-8.3 $ - I will cover the most part of the position here 3) 9.2-9.7 $
Note
not allowed to buy below, but the goals are relevant.
Trade closed: target reached
the first tirget reached.
Note
We are approaching the second goal. If sellers in this zone keep a price on a daily timeframe - this will be a good chance fir short. See the idea "Why did not OMG keep it?"
Note
On a 12-hour timeframe, you can see how the price fluctuates. The fall will start soon.
Trade closed: target reached
In my opinion, this idea has exhausted itself, because I do not see seriously the further growth of OMG. Mighty test $ 8. Then I see only his fall. To update the situation on OMG I will be in this idea:
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