$OMG/USDT 4h (#Bybit) Ascending trendline breakdown

OMG Network (f.k.a. OmiseGo) printed a shooting star below 50MA resistance and looks ready for more retracement down.

⚡️⚡️ #OMG/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.7X)
Amount: 5.0%

Current Price:
1.810

Entry Zone:
1.819 - 1.905

Take-Profit Targets:
1) 1.620
2) 1.438
3) 1.257

Stop Targets:
1) 2.064

Published By: @TradingOn

$OMG #OMGUSDT #OmgNetwork #OmiseGo

Kommentera:

TP1 would have been reached with up to +47.1% (3.7x)

OMG Network went directly down to 1st target and lost 200MA support, unfortunately entry was missed by $0.007
Does not seem too likely but it may bounce back towards supply zone later, so we'll let it run!

Order avbruten:

TP3'd have been hit with +116% (3.7x)

OMG continued with the retracement down, unfortunately without us but quite an accurate bearish bias.