#OMG/USDT 8h (ByBit) Descending wedge breakout and retest

OMG Network pulled back to demand zone where it printed a dragondfly doji. A small bounce towards 100EMA would make sense!

⚡️⚡️ #OMG/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (5.8X)
Amount: 5%

Current Price:
0.520

Entry Targets:
1) 0.511

Take-Profit Targets:
1) 0.581

Stop Targets:
1) 0.476

Published By: @TradingOn

OMG #OMGUSDT #OmgNetwork #OmiseGo #L2

Risk/Reward= 1:2
Expected Profit= +79.5%
Possible Loss= -39.7%

Trade active:

ByBit USDT
#OMG/USDT All entry targets achieved
Average Entry Price: 0.511 💵

Trade closed: stop reached:

ByBit USDT
#OMG/USDT Stoploss ⛔️
Loss: 39.726% 📉

OMG lost wedge support and invalidated the bullish scenario.