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Monday, June 14, 2021

OMGUSDT D1: STAGE2 DUMP 50%: SHORT IT from 7.00USD(SL/TP)(NEW)

OMGUSDT D1: STAGE2 DUMP 50%: SHORT IT from 7.00USD(SL/TP)(NEW)

OmiseGO / TetherUS BINANCE:OMGUSDT

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OMGUSDT D1: STAGE2 DUMP 50%: SHORT IT from 7.00USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect CORRECTION
once we hit 7.00USD.


πŸ”Έ Summary and potential trade setup
::: OMGUSDT D1 chart review
::: heavy resistance overhead at 7.00USD
::: complex corrective structure
::: NOT an EW setup!
::: measured move correction
::: Previously similar distribution setup
::: expect resistance from 7.00 USD
::: BEST level to SHORT is near 7.00/7.10 USD
::: BULLS stay out until correction is over
::: BEARS can short from overhead resistance
::: 7.00/7.10 USD won't pass
::: Stage2 50%+ correction possible/likely
::: currently no trade setup for active traders
::: shorting near range highs makes sense
::: 7.00/7.10 USD is heavy resistance / SHORT IT
::: TP BEARS is re-test of 3.10/3.15 USD
::: recommended strategy: SHORT 4.25/4.30 USD
::: good luck traders!
::: SHORT HIGH and get paid. period.
πŸ”Έ Supply/Demand Zones
::: N/A
::: N/A
πŸ”Έ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: PULLBACK/stage2/3.15USD
::: Sentiment outlook short-term: FINAL PUMP/7.00USD

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.



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