Long
Updated

OMG. A little long in this depressed fall

318
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
snapshot
not allowed to buy below, but the goals are relevant.
Trade closed: target reached
snapshot
the first tirget reached.
Note
snapshot
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?"
Why did not OMG keep it?
Note
snapshot
On a 12-hour timeframe, you can see how the price fluctuates. The fall will start soon.
Trade closed: target reached
snapshot
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:
Why did not OMG keep it?

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.