Crypto Trade setup (OMG)steemCreated with Sketch.

in #cryptocurrency7 years ago

Let's take a close look at OmiseGO (OMG) for a quick trade.

This is a very strong coin which is available on Binance, Poloneix, BitFinex, Bittrex and other exchanges, so this trade is available for everyone basically.

OMG is a very active coin and it has been seeing positive upward action for a while now. We just bounced from the support line of an ascending channel , so there is room for more growth. Several other indicators are also telling me that this coin can be good for a quick and risky profitable trade.

Let's take a look...

Below you can find the trade instructions:

Buy-in: 0.00148 - 0.00178

Targets:

(1) 0.00198
(2) 0.00228 (Aim for this target)
(3) 0.00248

Additional targets (longer term):

(4) 0.00278
(5) 0.00358

Stop-loss: 0.001420 (Maximum risk about 20%)

Note: The stop loss is recommended for this trade. If the trade goes south, the stop loss will cut your loss and kick you out of the trade.