OPUSDT swing short setupWaiting patiently. Let it squeeze a bit above mid range first, come back inside the mid range -> trigger for short. Let the trade come to you.
OPUSDT trade ideas
OP interesting for Long
OP prices are right above the long-term trendline.
The price action is quite interesting with a possible accumulation pattern following wyckoff method.
Proposed targets (blue lines) and stop-loss (red line) are in chart.
I see this patternHit bottom of channel, hit top of channel twice and then back down to the bottom. you double/triple tap the bottom channel, before a big move out. this would line up with june FOMC rate decision. Other scenario would be to continue up from this point, though i think this is unlikely given current volumes.
OPUSDTOP Falling Wedged waiting for breaking out, Stop Lost -12% (SPOT), Possible 60% profit on Spot or 120% profit with 2x Leverage.
Op clean chart Op is forming bullish structure on each time frame and it needs just a simple push then boom. dont miss it
#OP-USDT at crucial levels?The OP/USDT chart shows an interesting scenario where the token is currently at a strong support level with increasing buying pressure. However, the sellers are also consolidating the market and aiming to take the price down.
This means that there is a tug of war between the bulls and the bears in the market, and traders need to be cautious when making trading decisions.
To maximize profits, traders should look to enter the market at the buying area between 1.5730 and 1.7393 levels, where there is a high probability of a price bounce.
Once the price bounces, traders can take profits at the resistance levels of 2.0688 and 2.1582.
#plan your trade trade your plan
OP at least a minor move up (Scalp LONG)After a strong comeback from a key area, I expect a correction validating the change of character and a move up from there!
NFA
OP is strating a big upward moveHello Traders🖐🏿
In the chart of OP/USDT, we have 2 channels, all time channel and recent downtrend channel, the bottom of both channel in this price situation, is one point that touched yesterday in 1.49$, now we expect that OP making an upward move to 4$ after recent big crash from 3.3 to 1.49 that claimed all order blocks in lower zones
Likewise RSI touched oversold zone in last days and now is showing some good signs to OP growth.
This is not a financial advice, its just my idea.
Good luck 👊🏿
opusdtone of the best trade strategies is broken support and resistance If it is in the box for a long time you can take a profit with a good strategy on how to open and managed the
OPUSD ❕ downtrendThe chart and indicators continue their downtrend.
The reversal patterns have not begun to form.
After testing the current support, the price will continue to decline.
OP confirmed breakout of downtrendWe see a confirmed breakout of downtrend here. Support zone around 2.125
Optimism is tiredOptimism has broken through the support trend line, now we are retesting it as resistance. The market is very overheated, it is tired, I think that we will continue to decline at least to the allocated zone
Say Good Bye To Op Opusdt
For Now Holding Support without volume I am expecting breakdown soon
Incase of breakdown expecting 40-50% drop
Dyor Risk Under Your Controll
OP / OPTIMISM . 5$ soon or higher ? Let's checkParallel bullish channel + symmetric triangle which was broken for retail trader , for me it was liquidity , we catches their's SLs and stopped on the order block. OB is located on 0.5 FIB of the last wave . Waiting for bullish movement in near future
OPUSDTOP is trying to regain the lost support. But currently the overall trend is down and 36% drop in 19 days cannot be a good sign. In the chart you can see the two upcoming scenarios i.e. bullish and bearish. Also for As a reminder, I must say that this currency will release 154 million tokens worth approximately 300$ M in 23 days.
BINANCE:OPUSDT
OPUSDT IDEAFollowing a pattern where we need to see the conformation for entry either break resistance or support then we may able setup a tarde plan according to we risk reward ratio
Pointy time for $OP [Optimism]Honestly, I like patterns. I like this one for Optimism with its converging trend-lines and a palpable tension about a break to the upside/downside, most likely in the next 10 to 14 days.
It being a market it is always unclear, and not possible to predict prices despite all the fancy tools.
MORE:
The year has seen OP break out from it's low during the bear market in 21-22 and then follow a regression path for the last few months between HKEX:2 and $3.
Most of the time it moves between a support level around $2.15 - $2.30 and a resistance zone between $2.5 and $2.7.
The trend lines, wherever you start, between the declining high's and the rising lows all converge at some point in May. So it's all very exciting if you like that sort of thing.
If you "clean-up" (ignore) the 'extra low' data point that occurs at the collapse of silvergate, silicon bank and signature. It's really neat and predictable. Especially for longer periods.
I am in a long position based on the RSI (which indicates a break out to the upside) and other technicals.
There are plenty of supporters of a flat-bottomed regression like this (a right-angled triangle that fell over) being a strong sign of a positive / bullish upturn. The flat bottom indicating very strong support.
There are no major break points to the downside, everyone seems to feel bullish about the market in general etc And they predict a rise of anywhere >100%. I am hesitant, like all sane investors.
There are also excellent analyses available that expect the reverse - that the longer EMA's (exponential moving averages) will cross and the token will move to the downside, possibly as far as $1.6 before moving upwards.
All of these are indicated on the chart with a variance in the bullish trends marked as the typical angle (green) and a more contested rise (teal).
Time will tell.
OP Long Entry Setup (High Probability)I expect OP to get to the highlighted demand zone area in order for a reversal.
NFA
OPUSDT is testing the demand zoneOPUSDT is testing a key level around the $2.1 area, where there is a significant demand zone. This means that there is a high level of buying interest from traders at this price level, which could potentially lead to a price increase if the demand holds.
In order for the price of OPUSDT to continue to move higher, it needs to create a breakout from both dynamic and static resistance levels. This would indicate that the buying pressure is strong enough to overcome the selling pressure and push the price higher.
Once the breakout occurs, it's important for the price of OPUSDT to retest the resistance level as new support. This would confirm that the breakout was successful and provide a strong foundation for a new long position.
Traders looking to enter a long position on OPUSDT should be targeting the $2.5 area as the next resistance level
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
OP minor correction before the big move (Long)OP needs to grab some liquidity before the pump. The highlighted demand zone looks like a good entry point since it is an unmitigated order block zone as well.
NFA
✅TS ❕ OPUSD: reached the support area✅✅ OP reached the support area.
The volatility of the chart movement has decreased.
The price of the asset has rebounded from the current area. ✅
🚀 BUY scenario: long to 2.316 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
OPUSDTHello there,
*Mars Signals Team wishes you high profits*
This is a 4-hour-time frame analysis for OPUSDT
In this chart, R2 and R1 are our resistance areas in which the unsuccessful triumphs of price is clearly seen. And finally at the bottom of the chart, we have S1 which is the long-term support line and contains the support of price at different points since the past. The price past trend illustrates its well support at two points at S1 and after each support, it faced more rise to higher amounts including R1 and R2. The existence of a head and shoulders pattern means that the price formed the head part of the pattern when it was rejected at R2 and now it is moving over S1 again. Hence, the price is fluctuating at this point and experience a rise up to the resistance areas. These will be the good points for saving your profits. Or if possibly the price is believed to be supported again and by rising toward R1 falling for another time, we expect the right shoulder of the pattern to be completed. But in case the price falls below the support area, then more decline happens to it. Even by more fluctuation and support above R1 area, more rise is waiting for the price. Note that it is recommended to wait for some confirmation candles and make sure of your next action in trading. In case you are interested in experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you success
opIf cannot pass the first resistance, is likely to go to the green box and hit higher targets and lines
