The Ocean price Is moving in a descending broadening wedge pattern after a successful break out from the wedge we will see a good price movement. Now the price is near the lower line of the wedge if it tests the lower line we could take entry to the upper line.
💎 OCEAN has undeniably captured significant attention in the market. Breaking out from the strong resistance area, it is currently undergoing a valid retesting phase at the support level, which was previously a resistance.
💎 There is a probability of continued upward movement towards the major supply level area. However, if OCEAN retraces to the support area and...
12h time frame
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OCEAN created a support zone(0.25~0.29), which is not only the structural support, but also the 0.382 Fib Projection. OCEAN just broke the downtrend line; although this downtrend line is not that standard, but enough to show the resistance performance. So we can set a trading plan with good risk to reward ratio here.
TP: 0.63~0.7
SL: 0.232
BINANCE:OCEANUSDT Short idea
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice....
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#OCEAN/USDT Trade setup
OCEAN breakout this symmetrical triangle pattern and currently retesting it according to this pattern we can expect some good bounce if every things goes good.
(Basic knowledge)
A symmetrical triangle is a chart pattern characterized by two...
The price is currently at daily support. This makes a long favorable here towards the weekly resistance. The price might dip further into daily support zone, but a short in any way is not favorable from probability point of view.
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Everything on the chart.
Entry: market and higher
Target: 0.29 - 0.27 - 0.25
after first target reached move ur stop in breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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