OP is caught in a falling patternBy examining the pattern of the OP symbol on the chart and examining the waves, we can understand that the OP is forming a large falling triangle.
Triangles have five waves, and now we are in the fourth wave, the D wave, which has become a diametric diamond.
This scenario is expected to follow.
For risk management, please don't forget stop loss and capital management
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OPUSDT trade ideas
Potential reversal towards upwardPotential reversal towards upward.
SMC bottom reached. On 4H - MFI goes up, bulls go up, ADX above 27 and DI+ crossed DI-.
Entry: 1.2466-1.2755, Stop loss: 1.15
TP1 - 1.47 (75%), TP2 - 1.85 (25%), Expected average close: 1.567, RR - 3.60
Risk: Loss 0.6% of deposit
After reaching TP1, SL to 1.28
OPUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and higher
Target/ Reversal zone: 0.8 - 0.6
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
Good luck everyone!
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