2 coins that just topped out. Both look weak here #MET #OGN
$MET : pumped to 0.5445 then dumped 20% to 0.4451. RSI went from 91 to 37 in hours. That's called exhaustion. Price sitting right on EMA25 at 0.4422. If it breaks, next stop 0.3669. Short setup for me.
$OGN : up 94% today, hit 0.04475 with RSI 90. Already dumped 7% from the high. Classic blow-off top. Late buyers are trapped here. If it loses 0.0376, it can dump to 0.0298.
Both pumped hard. Both are bleeding now. I'm shorting each with DCA.
Plan: First TP at 10%. Second TP at 20%. SL at 10%. Simple.
anyway manage your risk and positions.... best of luck.
#CryptoDropbit
$MET : pumped to 0.5445 then dumped 20% to 0.4451. RSI went from 91 to 37 in hours. That's called exhaustion. Price sitting right on EMA25 at 0.4422. If it breaks, next stop 0.3669. Short setup for me.
$OGN : up 94% today, hit 0.04475 with RSI 90. Already dumped 7% from the high. Classic blow-off top. Late buyers are trapped here. If it loses 0.0376, it can dump to 0.0298.
Both pumped hard. Both are bleeding now. I'm shorting each with DCA.
Plan: First TP at 10%. Second TP at 20%. SL at 10%. Simple.
anyway manage your risk and positions.... best of luck.
#CryptoDropbit