$OCEAN/USDT 3D (#Bybit) Broadening channel on resistance

TradingOn Updated   
Ocean Protocol has been up-trending and is now facing 100EMA, RSI looks overbought, a bearish rejection would make sense.

⚡️⚡️ #OCEAN/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (1.5X)
Amount: 7.1%

Current Price:

Entry Zone:
0.2475 - 0.2821

Take-Profit Targets:
1) 0.2057
2) 0.1613
3) 0.1168

Stop Targets:
1) 0.3142

Published By: @TradingOn

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +33.48% | +58.63% | +83.84%
Possible Loss= -27.98%

Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 1.5x
Estimated Gain-time= 3 months

Tags: #OCEANUSDT #AI #BigData #Scaling #Storage #Web3 #DeFi

Trade active:
All entries filled

Ocean Protocol got rejected as expected so far and is now sitting on 100EMA.
Tricky situation since it could be a bullish retest but we'll stick to the plan!

Trade closed: stop reached:
SL hit with -1.0R

Ocean Protocol pushed higher, it was a bullish retest of 100EMA after all!
Tempting to try again since we still expect a pull-back but no clear rejection yet.


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.