Long
OMG Network (OMG) formed big Shark for upto 427% move
Hi dear patrons, hope you are well and welcome to the new update on OMG Network (OMG) token.
During the previous Market crash from April to Jun 2021, on a weekly time frame, OMG formed Shark pattern and started a big bullish rally, that I shared as below:
Now again on a weekly time frame OMG has formed another bullish harmonic Shark pattern.
Buying and sell targets:
The Potential reversal zone is from $4.77 to $1.06, but we have strong support at $3.04 therefore the buying zone can be from $4.77 to $3.04
Sell between: $8.34 to $16.04
Stop loss:
Below strong support of $3.04.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 427%, and a high loss possibility of 37%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
During the previous Market crash from April to Jun 2021, on a weekly time frame, OMG formed Shark pattern and started a big bullish rally, that I shared as below:
Now again on a weekly time frame OMG has formed another bullish harmonic Shark pattern.
Buying and sell targets:
The Potential reversal zone is from $4.77 to $1.06, but we have strong support at $3.04 therefore the buying zone can be from $4.77 to $3.04
Sell between: $8.34 to $16.04
Stop loss:
Below strong support of $3.04.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 427%, and a high loss possibility of 37%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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.