OPUSDT Is critical Moment for OP – Will the Bulls Hold the Line?Yello, Paradisers! Are you prepared for what could be a pivotal move for #OPUSDT? Let's dive into analysis.
💎#OP has recently shown bullish momentum with a successful breakout. The price is currently testing the demand zone at $1.32, a critical level that needs to hold for the upward movement to continue toward the minor resistance at $1.98. A breakout above this zone is crucial for OP to reach our target at the strong resistance area.
💎However, if the price fails to rebound from the $1.32 support area and breaks down further, we could be in for a rough ride. In this scenario, the highest probability suggests a return to revisit the key support at $1.07—a level that hasn't been tested before and poses significant risk for OP. A bounce from here and a reclaim of the price above $1.32 is essential to secure a safe position and align with our bullish scenario.
💎The bullish outlook will be invalidated if OP’s daily candle closes below the key support at $1.07. This area represents the previous low, and a break here could lead to a new lower low, signaling a deeper dip.
Stay focused, patient, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
OPUSDT trade ideas
Informed Buy Strategy for Optimism (OP) Description:
Position yourself strategically in the rapidly evolving cryptocurrency market by exploring a well-researched buy trade idea for Optimism (OP) on TradingView. This guide combines essential fundamental factors to help you make informed trading decisions in the world of decentralized finance (DeFi).
Fundamentals Overview:
1. **Protocol Growth**: Analyze the adoption and usage metrics of the Optimism network. As a Layer 2 scaling solution for Ethereum, the growth in decentralized applications (dApps) and user activity on Optimism can drive demand for the OP token.
2. **Market Sentiment**: Keep an eye on broader market sentiment and trends within the DeFi sector. Positive developments in Ethereum's ecosystem or the broader crypto market can contribute to increased interest in Optimism.
3. **Partnerships and Integrations**: Monitor announcements of new partnerships, integrations, or upgrades within the Optimism ecosystem. These developments can significantly enhance the utility and value proposition of the OP token.
4. **Regulatory Environment**: Stay informed about the regulatory landscape surrounding cryptocurrencies. Regulatory clarity or shifts can impact investor confidence and the broader adoption of crypto assets like OP.
Disclaimer:
Cryptocurrency trading involves significant risk and may not be suitable for all investors. The highly volatile nature of the crypto market can lead to substantial financial losses. It's crucial to thoroughly understand the risks, consider your investment objectives, and assess your financial situation before engaging in cryptocurrency trading. Past performance does not guarantee future results. Seek advice from a qualified financial advisor if you have any doubts about your investment strategy.
LONG #OPUSDT target 1.56LONG #OPUSDT from $1.4344 stop loss $1.4
15m TF. The coin has been moving in a downward trend for a long time, forming an inclined level. Now the price has approached the slope and is consolidating, preparing for a breakdown. The moving average below the price gives an additional signal to buy. If the slope is broken and the test is on the reverse side, you can open a long position with the goals:
TP1 : 1.4725
TP2 : 1.5123
TP3 : 1.5672
Optimism (OP): Looking For Zone of WeaknessThe Optimism coin is looking interesting after forming a nice, sharp trend over a 4-hour timeframe.
We are looking here for a possible rejection to happen from 200EMA, which would result in a break of trend and a downward movement so let's see.
Swallow Team
OpusdtMight just range it here for a while tbh..
Wouldn't discount the idea that this whole move is simply a massive deviation to the downside and it simply reclaims the above range again soon tbh..
But sell pressure has been astounding since the eth sell the news etf launch.. so might just be ranging it till November also
OP - Excellent opportunity or will the support break ? BINANCE:OPUSDT (1W CHART) Technical Analysis Update
OP is currently trading at $1.764 and price has reached the bottom of the channel, OP has been trading inside the range and currently price has reached the bottom support line, in the past this support line held strongly multiple times and we are expecting the same this time. If the price bounces back then there is an opportunity for new ATH.
Entry level: $ 1.764
Stop Loss Level: $ 1.290
TakeProfit 1: $ 2.054
TakeProfit 2: $ 2.704
TakeProfit 3: $ 3.845
TakeProfit 4: $ 4.788
TakeProfit 5: $ 6.741
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto
Optimism setup long and short for future trade As shown below, since three months ago, the ETHBTC reaction has been occurring and slowly taking control. This can be used on coins that are tied to ETH. Fundamentally excellent price for DCA, but I would like to show the chance to those who deal with future trade.
With the setup, it is great to find where our analyzes are no longer valid and we need to admit that we are not right. Optimism is one of the coins that correctly did 1,2,3 according to Elliot. Now the question is whether the 4th wave will manage to reach our order, but we must be disciplined because this analysis is canceled if the fourth wave reaches deep enough to the first, where the setup is no longer valid.
Why this setup gives us the possibility of long - here is daily fvg, 4h fvg, 2h fvg, fibonacci for retest as well as theoretical knowledge about Elliott waves
OP - LONG POSITIONIn the OP/USDT pair on the daily timeframe (Heikin-Ashi candles), we are anticipating a possible double bottom formation after a double top formation. According to the double bottom formation, it would be reasonable to take a long position with a 7% stop loss after the price reaches the 1.147 level. Our initial interim target level will be 1.94, which corresponds to the middle of the range, and our second main target level will be 3.028.