OMG/USDT wedging with velocity to break recent resistance
OMG its a wedge. Price is approaching strong, volatile, consistent SUP/ RES levels at $15.5.
High Risk to Reward in the short term as any many candles showing massive volatility making placing stop losses for short term trades a risky bidness. Personally waiting to see a candle close upside of this wedge. Retesting the breakout area implies a more secure trade. As a new trader you should minimise risk by trading more sure moves.
High Risk to Reward in the short term as any many candles showing massive volatility making placing stop losses for short term trades a risky bidness. Personally waiting to see a candle close upside of this wedge. Retesting the breakout area implies a more secure trade. As a new trader you should minimise risk by trading more sure moves.