OPUSDT: Deep Price PlungeAn ABC upward correction pattern has been formed, for a downward wave A.
At the moment the price broke through the uptrend line and it is likely that the formation of the intermediate wave 1 will be completed soon.
I will sell the coin on the correction in wave 2, from where I will expect a deep price decline to the level of $0.1.
Overall, short pos has risk-to-profit characteristics of 1:5 at least.
Best Regards,
CEO Tornado Capital
OP
OP.Usdt (Y22.P3.E).The trade so far..where is the bottomHi All,
I do believe this bear market is not like any other because the current world climate is not like no other, high inflation and interest rates to still come so we will see more down turn on the stocks and crypto is no exception.
Having said that, This could be wave 3 to 4 looking for completion.
Why wave 3 to 4? Wave 3 to 4 is usually complex, even in a uptrend or downtrend market.
We also might have a trading opportunity if it comes using the RSI however in a bear market, targets don't usually hit like in a bull market. Unless its a reversal.
The breakout trade can only be a relief rally in my opinion, just like for the others.
All the best,
S.SAri
OPUSDT 1H🔥 NEW COIN, NEW FEATURES!NEW TOKEN ⚡️
▫️ #OP is a new token that was listed on June 1 and reached a maximum of $ 2.20 per coin, at the moment the price of the token is trading around $ 1.260. I think to buy ativ for a small percentage of the support level.
▪️ Brief information about the coin: Optimism is a project aimed at scaling the Ethereum blockchain. The company was previously known as the Plasma Group non-profit organization (2019). Then it was mainly engaged in research, and since 2020 it has started practical actions. The solution is based on the Optimism Roll up technology, which allows scaling common smart contracts and providing instant transactions on the Ethereum network.
▪️ OP is an Optimism project management token launched on June 1, 2022. Distributed by airdrop among 232,000 users from the waiting list. The launch was not very successful, the token dropped significantly in price after the launch.
✅ Do not forget to visit the channel there is a lot of useful information about trading.
Op has been a riot all day #volatility monster As you see on the 1 hour as well as even better on the 30 min. and 15 min. time frames. Ever since the airdrop sell off that supposedly happened earlier to create the fall from the Moon shot launch it had. This thing has actually managed to create a rather solid base. Looking like there's actually a really good structure for trading for those into a long night, or lucky enough to be in a time zone just waking. Launching on so many major as well as CEX at once means there's a LOT of angles to this right now. Stay safe and keep your stop losses tight and leverage within reason. #yolo , lol .
OP.Usd (Y22.P2.Video1).The trade so farHi all,
#OP #OPTIMISM is worth having but for now, I talk about the trade entry, expectations and how to approach this crypto for another entry.
All the best,
S.SAri
If it can get above this current resistance, 1.618 ext. hit our target and hold this level.
the next levels are here