OPUSDT trade ideas
OPUSDT - Buy Setup!!OPUSDT (1D Chart) Technical analysis
OPUSDT (1D Chart) Currently trading at $2.56
Buy level: Above $2.55
Stop loss: Below $2.15
TP1: $2.9
TP2: $3.25
TP3: $ 4
TP4: $ 5
Max Leverage 2x
Always keep Stop loss
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OP Analysis updateFollowing the previous analysis, It seems that the resistance in 2.39$ is broken, We are now waiting for the price to stabilize above this area on the daily time frame.
If it happens, due to the growing of OP/BTC we will expect that price jump above 3.2$ in incoming days.
Good luck👊🏿
OP is trying to break its resistance👁️👁️Hello traders🖐🏿
OP is trying to break its resistance in 2.4$.
I think it can be accomplish this time, if this break happen, price grows to 2.64$, that is a key resistance, because 2.64$ is level of upper edge off symmetrical triangle that formed in last weeks.
The break of 2.64$ will start a bullrun till 4.2$ as a new ATH.
Now the momentum of price movement is very good, and its a good sign to break the resistance.
In another hand we should keep our eyes to ETH chart, if ETH can break 2000$, the road to 4.2$ is clear.
Its not a financial advice, its just my idea.
Good luck👊🏿
OP Looking for a Bullish BreakoutOP has consolidated since January and held price levels above the $2.00 price range. The following factors present the bullish case presented in the measured move:
- Falling Price with falling volume suggests a lack of bearish momentum
- Inverted Head and Shoulder pattern is one of the highest probability structures in trading with around a 90% success rate. Measured move is around the $3.50 range
- Falling wedge pattern has consolidated price nicely and signals for a bullish continuance. Measured move is $4.61
- Hidden Bullish Continuation divergence suggests the long time frame bullish trend is likely to continue.
- Weekly Stoch RSI has reset below 20 with price remaining high suggesting another move up is likely
- 3D Stoch RSI is pointing upwards. Likely to break downward trendline (Bullish) this week or early next week.
- Several bounces off 50% Fib level suggest strong support levels
Overall set-up for a 5x long with a price target of $4.61 suggests an upside of 481.7% and a stop loss around $1.975. Risk to reward of 6.11 on a high probability set-up.
Opusdt Getting ready for breakout Opusdt
Formed Bullish Symmetrical Pattern & in 4h time frame Incase of breakout Expecting 20-40% Bullish Move
Candle : Morning dogi Star Candlestick pattern (Bullish)
Remember: These are just ideas that we share from our experience, it does not mean that they will be 100% perfect, anything can happen in the market at any time.
Always manage your risk and trade with your on research
FUTURES LONGSon one hand, this is a medium/high probability setup as price has retraced quite low during its uptrend so buying opportunities have come in place ..
on the other hand, on the lower time frames 30min-1hr, price is in a clear downtrend so it will require some sort of strength and volatility for the trend to reverse but its all a probability and my cards are longs right now.
lets see...
OP ready to fly!After quite some downtrend and getting stuck in a triangle I expect the triangle to break downward which will most probably be a false breakout since it's an area of liquidity and start flying from the area that I highlighted which happens to be the entry price for the breakout signal!
NFA
OP will go up very soonThe price tested the uptrend, the second touch became the main signal to open a long position. In addition to the coincidence of the mirror level and the inclined one at this point. Additionally, the price is supported by a strong level of 2.1625, at which there are volumes to buy. High activity in a glass, with an additional density of 2.1838.