Description
⋅ Hello, traders!
OMG has gone through two business cycles in the span of a year.
Currently, the price has returned to the $2.56-$4.09 range from which previous business cycles started.
As part of a long term investment, the first part of the position can be opened within the range of $2.56 - $3.39
In case of panic sell-off, you may open the second part of a position between $2.00 - $2.56
The size and level of stop-loss depends on your risk allocated in the current trade.
Target price levels would be
$5,48
$6,25
$6,94
$7,90
$8,78
$10,52
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice