Jumping straight into it, we see OMG trading within this very gradual upward channel (in blue).
I'd consider this a relatively favourable long position with a Risk-Reward Ratio standing at 4.5
OMG seems to building a nice level of support on the 200 Day Moving Average (in red), while RSI showing oversold, and imminent MACD cross :)
However, if OMG were to indeed roll over, out of its upward channel, the next lower support level would be 0.00120000. I'd put a tight stop loss just below this zone.
I'd consider this a relatively favourable long position with a Risk-Reward Ratio standing at 4.5
OMG seems to building a nice level of support on the 200 Day Moving Average (in red), while RSI showing oversold, and imminent MACD cross :)
However, if OMG were to indeed roll over, out of its upward channel, the next lower support level would be 0.00120000. I'd put a tight stop loss just below this zone.