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OPUSDT trade ideas

Key Levels to Watch for Bullish ContinuationThe upward movement on BINANCE:OPUSDT.P continues as planned, with the requirement of a price close above the TP1 level to confirm the bullish trend and move towards subsequent targets. However, if the price closes below the first target, it will signal an exit from the trade entirely while adhering to the stop-loss strategy. Monitoring price action at these critical levels will help in making informed decisions based on market developments.
Long
by luta_ksa
#OP is about to reach the target area 📊#OP is about to reach the target area ⚠️ 🧠From a structural point of view, there is a bullish structure at the daily level, so it is a bullish trend, and it is very reasonable to continue to rise. So yesterday we found a buy signal and participated in some long transactions. The result developed as expected. At present, the main profit has been locked, and the remaining positions will continue to expect more. ⚠️Note that we are currently close to the target area, so don’t blindly chase the rise. The key is to lock in profits in time. Let's see 👀 BITGET:OPUSDT.P
Long
by wolf_king888
OP Resistance to Watch1. Candlestick Analysis Recent Trend: The last few candlesticks show a bullish pattern, with green candles indicating upward momentum. The current price ($2.5923) is near the top of the recent range, approaching the local high at $2.6541. There’s a strong wick on a previous candle, suggesting selling pressure near the high ($2.6541), indicating resistance. 2. Moving Averages (MA) Shorter MAs (MA20, EMA20): The price is above both the MA20 (2.1389) and EMA20 (2.2013), showing strong short-term bullish momentum. Medium and Long-Term MAs (MA60, MA120): The MAs are sloping upward (MA60: 1.8024, MA120: 1.6518), confirming a longer-term bullish trend. Conclusion on MAs: The price is well above all key MAs, indicating sustained bullish momentum, but the divergence between the price and MAs could signal overextension. A pullback to test support levels (like the MA20 or MA60) is possible. 3. MACD MACD Line (DIFF): 0.2192 Signal Line (DEA): 0.1882 Histogram (Stick): 0.0621 (positive) Analysis: The MACD Line is above the Signal Line, and the histogram is positive, confirming bullish momentum. However, the histogram bars are relatively small and haven’t shown significant growth. This suggests that momentum is still positive but might be weakening slightly. 4. RSI RSI Readings: RSI6 (Short-Term): 73.83 (Overbought zone) RSI12 (Medium-Term): 69.85 (Close to overbought) RSI24 (Longer-Term): 65.52 (Bullish) Analysis: The short-term RSI is above 70, indicating the asset is overbought and could face a pullback. Medium and longer-term RSI are also high, showing strong bullish momentum but hinting that the price might be overextended. Overbought conditions suggest caution, as a reversal or consolidation might occur soon. Summary of OP’s Current Situation Bullish Trend: OP is in a strong uptrend, confirmed by rising prices, upward-sloping MAs, and bullish MACD. Overextension Warning: RSI levels suggest the price is in overbought territory, and the divergence between the price and shorter MAs indicates a potential pullback or consolidation. Key Levels: Resistance: $2.6541 is the recent high and a key resistance level. If OP breaks above this with strong volume, it could extend the rally. Support: The MA20 ($2.1389) and MA60 ($1.8024) are potential pullback levels to watch if the price starts correcting. Possible Scenarios: Bullish Continuation: If OP breaks above $2.6541 with strong momentum and volume, it could continue the rally to new highs. Watch for increasing histogram bars on the MACD and RSI staying above 60–70. Pullback or Consolidation: If resistance at $2.6541 holds and RSI remains overbought, a pullback to $2.20–$2.40 (near MA20 or EMA20) is possible. MACD weakening or the histogram flipping negative would confirm this scenario. Recommendation: For Bulls: Consider taking partial profits near resistance at $2.6541 if you’re already in the trade. Watch for a breakout with volume before re-entering. For Bears: If the price shows rejection at $2.6541 and RSI/MACD weaken, a short-term pullback could offer an opportunity to short or buy lower.
by tratrarose
1
Optimism is determined to conquer the heights! $OPEverything here is beautiful! From technical analysis to blockchain analysis. I can see us moving in a parallel channel, where when combined with fibonacci we come to the 1.618 level right to the upper limits of this price channel. I would expect a value low in the area of $3.5 per coin with the most positive scenario expecting $7.1 per coin. I see the presence of a number of prominent Market Makers in the blockchain, but I don't like the contingent that holds this asset. Perhaps over time people will become disillusioned with the L2 range and sell their coins to a Marketmaker. Thus setting the stage for a hands free flight! Best wishes, Horban brothers!
Long
by horbanbrothers
Optimisim Swing Long Idea - OP COIN LONGPrice has run the monthly liquidity, creating upward momentum and breaking the weekly bearish trend. Recently, we broke the bearish trendline that had been driving the bearish movement since Spring 2024. The price closed above the trendline, retested it, and then rejected strongly. Currently, the price is moving impulsively upward as ETH gains bullish momentum. I’ll be looking to open long positions within the weekly demand zone marked on the chart. I don’t expect another retest of the trendline, as we’ve already retested it and seen a solid rejection. I’ll seek LTF confirmations before engaging with the price. Stop-loss: Daily close below $1.27 Target 1: $3.04 Target 2: $4.05
Long
by UA_CAPITAL
4
OP / UsdtBINANCE:OPUSDT NASDAQ:OP / USDT: Clean bullish breakout on the daily chart! 📈 We've seen a bullish breakout that suggests strong upward momentum. Now, I'm waiting for the retest of the breakout area before considering an entry. This is a classic move that often provides a great buying opportunity for those who are patient! ⏳ I believe there’s a solid chance for a long position around the $1.980 - $1.950 support zone. This area has shown strong support in the past and could be the perfect spot for entering a trade. 💣 Once we see a confirmation of the retest and a potential bounce off this level, it could be go time! 🚦 Looking higher, the upper key resistance zone is around $2.650 - $2.700. This will be a critical zone to watch, as a breakout above this could signal an even stronger rally. 🚀 Pump potential: I’m eyeing a potential +/- 30% move if the breakout continues to play out as expected! 📈💥 See you in a few days! Let’s keep an eye on how the price behaves around those key levels! 👀 Remember, this is not financial advice. 🙅‍♂️📊 Always do your own research before making any trading decisions.
Long
by Wolftrader1337
2
#OP double bottom structure 📊#OP double bottom structure 🚀 🧠From a structural perspective, we have a bullish double bottom structure constructed within the daily level buy zone, and therefore we are about to start a new uptrend. ➡️At present, we have reached the staged resistance zone, and it is reasonable to fall back after being blocked, so we have also made simultaneous reductions here. The neckline support zone below will be an area worthy of our attention, if such a callback occurs. . Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BITGET:OPUSDT
Long
by wolf_king888
OPUSDTPOP price action has played within a descending channel for 115 days now. Twice has it tried to break out of it to the upside, with failure as sellers promptly send price crashing to the floor of the channel the 1st time, and an adjacent support trendline the second time. However, there have been 2 wicked breakouts to the downside, suggesting a demand liquidity pool that has been induced but not mitigated just yet. With BTC likely to test the 15k and 14ks to tap demand liquidity, I expect OP to drop in for a liquidity tap as well, buoyed by the support right there (so pA does't fall off), and then a subsequent retest of the strong resistance at $1.4. My money is on bulls flipping that resistance to support this 3rd time of asking, for price to go on to test the $2.2 ATH region and likely, price discovery.
Long
by KayKayKay2021