Five could extend to 2.618 because cryptos seem to like that.
Profit targets: laddering out towards my projected wave 3 target, laddering back in on the handle; even if that ends up at a higher price when wave 3 unexpectetly extends.
Today Omg is looking at either a possible outbreak or five waves lasting correction downwards.
Despite the fact that I previously said not to short omg, right now it is looking like a good one to me.The resistance is horizontal and therefore easy to short and cover on a confirmed breakout.
I will not switch to a long on the breakout, for that, I will wait for it to retest the breakout.
Two short levels here, one quick scalp the other hopefully the trade of the day.
Stop to break-even. Hence, entry.
Artificial pump through API.
Let's see what happens when things calm down. Maybe we see it retesting 15USD, or it just shoots straight to 22USD, momentum is here now, that's for sure.
Target reached, trade closed.