🚨 ATTENTION: NEW SIGNAL ALERT! 🚨
🪙 Coin Alert: #OMG/USDT 4h
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Analyzing the 4-hour chart for OMG (OmiseGO), we spot an ascending triangle formation, typically a bullish signal. However, it's essential to consider the Relative Strength Index (RSI) for potential signs of weakening momentum, particularly if there's a bearish divergence. To confirm the bullish trend, we await a breakout above the resistance line. Conversely, a failure to breach this level, combined with bearish RSI indications, could indicate a possible reversal. While the ascending triangle pattern suggests bullish continuation initially, it's crucial to remain vigilant for confirmation signals, as bearish indicators could alter the outlook for OMG.
Entry Point: Market Price or 0.685
Trade Type: SHORT
Take Profit Targets:
🎯 $0.635
🎯 $0.600
🎯 $0.500
Risk Management:
🔒 Leverage: 20x
⛔️ Stop Loss set at: $0.725
Seize this opportunity now! 💸