On the left chart I notice that it bounced off from the long term support line, indicating that it might have started its next leg to a new ATH .
Short term it broke out of the smaller downtrend and bouncing in a reversal pattern which can give you a great chance to get open some trades a bit lower as its trading now.
Targets determined with Fibonacci Extensions.
Trading advise: traders who prefer to be more on the safe side wait for a break out of the bigger .
Short term traders can step in once retracing to the smaller blue box.
SL should be placed below the long term , below 55k sat.
I do not want to abuse with your patience but can I ask the same about OMG? I follow your chart
so considering my situation is the same in it:
What do you think about OMG in long-term (6-12 month)? I stuck in at 0.0024 on the top.
Thank you! All the best!