Long
Updated

OMG triangle breakout

1 713
This is a follow up to the trade below:
OMG range breakout

The range and resistance staying the same. Newly OMG formed trianglešŸ“and now seems to be breaking up. Also breaking the range upper edge. Just bought @ 14.5.
  • ENTRY: local high @ 14.5
  • SL: local low @ 13.63
  • TARGET: height of the triangle projected from midpoint of the local range (BUY - SL) @ 19.5
  • RRR: 2.1 TP1, 5.8 TP2
  • INVALIDATION: when SL level hit


Check my other stuff in related ideas.

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āš ļøDisclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Note
What a scam wick to $2 just on Binance US. Not counting this nonsense.
Trade closed: stop reached
SL hit

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