OHM watching and waiting for entry at $400 area.
OHM is a project I've been waiting to enter for a while but currently doesn't show a good risk to reward.
It is following its downtrend and I'm not willing to catch a falling knife. I think it's going to be a bumpy downtrend with some opportunities to catch some profit. However, as the trading mantra says, trade with the trend. It would be irresponsible to enter long here without seeing a confirmation of reversal. A short prospect is more promising, however this depends on how BTC reacts in the next week.
I'm expecting to enter long if this reaches the $400 area.
It is following its downtrend and I'm not willing to catch a falling knife. I think it's going to be a bumpy downtrend with some opportunities to catch some profit. However, as the trading mantra says, trade with the trend. It would be irresponsible to enter long here without seeing a confirmation of reversal. A short prospect is more promising, however this depends on how BTC reacts in the next week.
I'm expecting to enter long if this reaches the $400 area.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.