OPUSDT
OP broke trend up, possible long position available!The chart is fairly straight forward, ive been waiting for this trend line to break for quite some time now!
Its finally broken above the trend and retested on lower TF and looks to be holding some strong momentum.
I took a LONG position when it broke the level and will be aiming for the .5fib for TP1(to be safe), and the 618fib TP2, and as far as the 786fib for TP3.
OPUSDT has formed a bullish pattern at the support zoneOPUSDT has formed a bullish pattern at the support zone. The price wasn't able to break below the support zone and there is a high possibility that the price goes up after the consolidation.
💎 OPUSDT
🔵 Entry zone 1.176- 1.333
🟢 TP1 1.497
🟢 TP2 1.756
🟢 TP3 2.384
🔴 SL 0.929
Good Luck 🎲
OPUSDT - Channel Breakout!OPUSDT (4h Chart) Technical analysis
OPUSDT (4h Chart) Currently trading at $1.26
Buy level: Above $1.25
Stop loss: Below $1.072
Target 1: $1.37
Target 2: $1.61
Target 3: $1.84
Target 4: $2.2
Max Leverage 3x
Always keep Stop loss
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OP Scalp long - Looks like bottomReasons to long:
⭐️ BTC Dropped a lot
⭐️ Domination rose a lot
⭐️ Huge spike in volume at bottom
⭐️ 3rd approach
⭐️ 55 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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VERY RISKY TRADE IDEA SINCE BTC IS PUMPING. SHORT ON OPUSDTPERPBearish Wolfe waves - nothing much to explain! Very risky trade, and I am only risking some profits on it.
Targets in green (stick to your own stop loss / leverage).
Thought we could make use of $BTC's imbalance through impulse and the overbought RSI on the 15m timeframe diving below its RSI's MA for some quick gains.
Use proper risk management and position sizing please.
OP broke through!!! Get ready for an ATH!!my chart here cant be easier to read. its just to show how powerful this OP pump has shown itself to be.
Not only has it persevered and held onto support levels with ease. its managed to break all major resistance levels as an entity of its own. OP has never followed BTC or stocks with much correlation; but this is proof OP has a plan all its own!
$2 OP. feels like this should be the level to short!
A
But i believe OP will take this opportunity to soar as far as it can. Id like to imagine it will hit an ATH before this is over.
THAT BEING SAID, NO FOMO!!
if youre confident, feel free to make an entry one way or the other (long feels right to me). But be prepared for a hefty pullback before it pumps.
Ive found that when a stock or crypto breaks a MAJOR resistance level, it generally pulls back quite aggressively before launching back up. In this case, and with OP being OP, i wouldnt be surprised to see a 10-20% pullback before it makes a move upward to new heights.
And for the sake of anyone who read this...
I DO NOT GIVE FINANCIAL ADVICE! What you do with the information i provide is of your own accord. i hope you find it helpful, and i welcome any feedback and tips.
OPUSDT |Coin Review| Breakout of the local countertrend!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Let's analyze the OPUSDT coin from the side of technical analysis
The asset is now locally in a downtrend, this can be seen from the local double line countertrend, it is also price resistance.
There is a strong pursed trend line, I expect a breakdown in the short term and a removal to the 0.5 Fibonacci zone ($ 1.825)
hidden bullish divergenceafter a major drop from recent rally, a divergence is formed already, and if it can break this supply line and maintain the price above it, we can see it hitting ath at least once more. great gains opportunity.
this trade only valid if it can break the channel and the supply zone above it with huge volume.