OMGUSD trade ideas
OMG coin bounce trade ideaOMG after last weeks large pullback nearly 50% we have held support and started to curl higher. We have nice location here with multiple levels of support underneath. on our 15minute chart we are shaping up with a nice consolidation that should provide support with a stop under. MERRY CHRISTMAS! I Know its a day of family! but Shredding never stops! not even for holidays!
Sold OMG. Correction after ATH. Maybe soon we'll see $7 again.Ok. We not reached our $28 target (see my last idea below) yet but we made a really nice ATH to almost $22.
Now it seems like a correction is coming in. Also BTC broke it's support line what is a sign for me for a harder dip soon.
It's now likely that OMG get back to at least $12 area before it will bounce and we can reach our target of $28 sooner or later.
If the resistance at $12 is breaking this can even go down to $9 or $7 area.
I am out for now and already sold my position.
Now I wait for a better entry level again because 290% profit seems to be enough and even if the bounce come earlier then I expect I am more than happy.
My next entry levels depending on what will happen.
Maybe at around $9, $7 or $11-12.
If it don't go so low I rebuy at $21.
Do your own research. Trade on your own risk.
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