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chrisdpcameron
May 7, 2018 11:47 AM

OMG/USDT wedging with velocity to break recent resistance Long

OMG Network / TetherBittrex

Description

OMG its a wedge. Price is approaching strong, volatile, consistent SUP/ RES levels at $15.5.

High Risk to Reward in the short term as any many candles showing massive volatility making placing stop losses for short term trades a risky bidness. Personally waiting to see a candle close upside of this wedge. Retesting the breakout area implies a more secure trade. As a new trader you should minimise risk by trading more sure moves.
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