With the announcement that the hard spooned Cosmos OMG tokens will be tradable and stakable, I believe that people will be FOMO'ing into OMG to essentially receive double the tokens. There will be an announcement 2-weeks prior to the airdrop snapshot, and OMG holders will have to withdraw their tokens off of exchanges to wallets where they own private keys to receive the airdrop. I will be trading this news and anticipate a SHARP increase in OMG/ETH over the coming weeks.
My average buy order for this position was 0.0225 and I just sold 20% at 0.025. My plan is to take profit on 80% of the position at several key levels. Once the 2-week countdown starts, I'm going to try to sell the remaining 20% at a premium to a straggler trying to FOMO into the airdrop. Am I a shitty person for this? Maybe. Do I think I can capitalize on people's fear of missing the boat? Definitely.
- 20% sold @ 0.025
- 20% sell order @ 0.028
- 20% sell order @ 0.034
- 20% sell order @ 0.0385
- 20% sell order @ moon
- Peace -
Textbook Elliot Waves on the 4H chart bolster my confidence in this swing trade position I've opened. I'll be looking for another break towards the next resistance around 0.0285 in the coming days and will continue trading this pair until my ETH bags are nice and heavy; just in time for the ETH bull run in May ;)
I hope you're all having a nice weekend!