Get started

OCEANUSDTPERP

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!
OShort
by P_S_trade
17
#OCEAN BREAKOUT! GETTING READY FOR 80% PUMP!Good day to all. Don't forget to support the idea with a like and follow if you like it. #OCEAN/USDT Trade setup OCEAN breakout this symmetrical triangle pattern and currently retesting it according to this pattern we can expect some good bounce if every things goes good. (Basic knowledge) A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation. Entry:- CMP Target:- 50% to 80% SL:- $0.365 This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
OLong
by CRYPTOMOJO_TA
4
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") _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
O
by P_S_trade
39