OMG has been bleeding out after the pump due to hardfork news.
Entry is favorable at the blue box area SL: Below previous support Targets: Fib extension levels of 61.8%, 100%.
TA - Bullish Divergence on 4hr,6hr - Falling Wedge
İşlem aktif
Entry 1 hit
A strong bounce followed by a sell off and candle closing below the wedge. Could have more selling pressure as RSI levels are not oversold.
Have buys layers till stops.
Not
Traded aggressively downwards followed by an impulse upwards movement. It is important to see what the next few candles print if this area becomes a resistance and we might see further downside.
Look like a stop hunt to wipe out any longs with tight stops.
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