Long
OMGBTC - Buy Opportunity - 190% ROI - 22:1 Risk/Reward
With BTCUSD in consolidation mode, I've turned attention to the alt pairs leading into next week. On my radar is OMGBTC that after hitting initial targets.
Now that price has returned back to the consolidation zone which was the original point of the first breakout, we can only assume there may still be buying interest in this range.
Reasons to consider a BUY position:
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Now that price has returned back to the consolidation zone which was the original point of the first breakout, we can only assume there may still be buying interest in this range.
Reasons to consider a BUY position:
- Price broke out from consolidation zone and hit target 1. Sign of bullish
- Price appears to be basing out near the consolidation zone indicating fewer sellers
- Excellent risk to reward ratio on offer
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active
Looking good so far. Trail stops or at least half your risk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.