P_S_trade

OMG. 12h. We don't believe in OMG above $5. Our target is $1.8.

Short
BINANCE:OMGUSDT   OmiseGO / TetherUS
While $BTC price was growing hard, OMG used a chance and made a minimal correction after such a strong 4X fall.

The final boundary of the correction can be one of three levels:
  • 4.25 - a false breakout so far
  • 4.65 - almost reached him
  • 4.95 - we don't believe in growth above this level.
Those who entered the long near $3 - it's time to place orders and take profit.

Those who bought on highs, it's time to think about fixing the loss. It is not a fact whether it will be allowed to do above $5 in the next few months.
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