TradingOn

$OMG/USDT 2h (Binance Futures) Falling wedge breakout

Long
TradingOn Updated   
BINANCE:OMGUSDT.P   OmiseGO / TetherUS PERPETUAL CONTRACT
OMG Network (formerly know as OmiseGo) broke bullish and is likely to continue upward after a last pull-back.

Current Price= 9.4824
Buy Entry = 9.4439 - 9.2439
Take Profit= 10.1241 | 10.8064 | 12.0778
Stop Loss= 8.7847

Risk/Reward= 1:1.4 | 1:2.62 | 1:4.89
Expected Profit= +46.95% | +37.44% | +87.78%
Possible Loss= -17.94%

Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 1 week
Trade active:
All entries filled

Omg started going towards 1st target yesterday then went down for full retest of the wedge.
Stop was almost hunted, but fortunately bounced on time, SL updated to 8.5237$ now!

Trade closed: target reached:
TP1 reached with +25.05% and +1.4R

Omg is quite volatile, dipped back to entry and now heading to second target!


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