OPUSDT: Deep decline could start right nowPreviously I have published an idea for OPUSDT.
Now, I made adjustments to the current wave count.
The price successfully overcame the uptrend line, forming an impulse in the assumed wave 1.
At the moment, wave 2 is being formed, in which the most highly effective trades are opened (according to trading rules by Elliott Waves).
I opened a short position and plan to increase the volume of the position at breakdown of the price minimum of wave 1.
The target level for taking profit now at $0.1.
The risk-to-profit ratio reaches 1:8.
Best Regards,
CEO Tornado Capital
Opusdtshort
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/USDT TRADE SETUP!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Long OP/USDT at CMP and add more up to $0.496
Remember to get in partially don't buy at once. It's important to keep your entry as low as possible. The best way is to buy in parts which will eventually average your entries.
Target:- 30% to 50%
SL:- $0.4620
Lev:- 5x
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you