OPUL in Downtrend - Potential Buy Setup
Updated
On the 10th of August OPUL experienced an explosive upward movement in price due to the reveal that it's staking dashboard will be launching on August 22nd.
The price of the coin jumped over 100% from around $0.08 to $0.17 before it began moving back down.
It is now developing a clear channel downward and based on fibonacci levels it looks as tho the $0.10 area will be a nice opportunity to stack OPUL.
The general macro sentiment to Bitcoin, crypto, and larger financial markets is still mostly bearish so please use caution when purchasing. Use your best judgement, this is not financial advice!
The price of the coin jumped over 100% from around $0.08 to $0.17 before it began moving back down.
It is now developing a clear channel downward and based on fibonacci levels it looks as tho the $0.10 area will be a nice opportunity to stack OPUL.
The general macro sentiment to Bitcoin, crypto, and larger financial markets is still mostly bearish so please use caution when purchasing. Use your best judgement, this is not financial advice!
Trade closed: target reached
After almost 6 months Opul moved from the buy zone to a low of about $0.05 before reaching a current local high of $0.024. I've sold my stake for 40-50% gain now and will keep an eye on new entry levels.
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