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Opusdtoportunity
OP target 6.451D time frame
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Entry: $1.4
TP: $6.45
SL: $0.9
RR: 10.1
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(1) Broadening wedge on high time frame
(2) Successfully testing support zone of the wedge bottom now
(3) Target analyses from Fib extension and Time structure are overlapped at $6.45
(4) Need time to reach during bull major wave, spot is better
(5) Stop loss once going below $0.9
OP target 1.762 (short-term)2h time frame
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Entry: $1.38
TP: $1.762
SL: $1.29
RR: 4.24
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(1) Potentially accumulate momentum to pump through two Fibs Projections
(2) Yellow path: Finished a Fibs projection from 0.382 to 1.414
(3) Blue path: Currently searching support around Fib 0.382, high possibility reach 1.272 if stop falling here
(4) Fib 1.618 of Yellow wave is overlapped with Fib 1.272 of Blue wave
(5) Stop loss once going below $1.29
Optimism (OP) || R/R = 3:1Optimism (OP) is a layer 2 scaling solution for Ethereum that aims to increase the scalability, speed, and affordability of Ethereum transactions while maintaining security and smart contract compatibility. It utilizes a technology called Optimistic Rollups to achieve these goals.
News:
The Block || February will see $800 million of unlocks from Avalanche, Optimism, Aptos, and more.
OPUSDT UpdateBINANCE:OPUSDT current situation is as follows:
OP is currently in a neutral position. In my previous post, I correctly predicted a 40% growth and a 20% price drop for this currency. However, the price is now caught between strong support and resistance, and I don't want to take any trades in between.
But where and when should we enter a short or long position?
I'm waiting for one of these two scenarios to occur. Either the resistance line breaks with strength and the daily candle closes above the resistance level with a significant gap, and then I wait for a retest, or the same conditions occur for the support line.
Apart from these two scenarios, I have no intention of entering a position because I don't want to get stuck in this range, and I want to catch the larger waves.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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OPUSDT - Buy Setup!!OPUSDT (1D Chart) Technical analysis
OPUSDT (1D Chart) Currently trading at $2.56
Buy level: Above $2.55
Stop loss: Below $2.15
TP1: $2.9
TP2: $3.25
TP3: $ 4
TP4: $ 5
Max Leverage 2x
Always keep Stop loss
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OP-almost optimistic The weekly timeframe looks bullish to the red zone.
vanguard weekly movement prnt.sc
On the hour, you see a wedge. It's a reversal pattern and it is not working out yet.
We are in the sideways movement 1.90 = 1.70.
Locally, the minimum is interesting in the breakdown and hitting of liquidity under the break price 1.76
The first scenario on the chart.
The second one looks like this
The third variant
Well, Godspeed.