-Mid cap coins like Ocean haven't been doing so well lately due to the fact that the fiat flow has been going into many Low cap coins like Shiba Safemoon all the meme Coins
-Although Ocean is not a Defi Project it is a ERC-20 Which relies on ETH
-If you have been in the crypto space in the past few months you know that ETH has been pumping like a rocket so my...
Clean bullish Breakout of Resistance. Anticipating a rounded retest and continuation of the next push up. Entries are based off SR Flip Zone combined with 38 and 50 Fib Levels. 4hr 50EMA should creep above SL to act as a barrier and SL is pinned below the 618 Fib. Trade Safely.
BINANCE:OCEANUSDTPERP about to break the 1.65 zone . This could easily bring the price to 2.5 USDT .
It is also forming a parabolic move.
This is my position that i just opened:
Entry: $ 1.62
Stop loss: $ 1.28
Take profit: $ 2.5
R/R ratio: 2.68