OptimismLong
OPUSD (1W) - buy the dip
Hi traders,
Here it is my idea for a long position on OPUSD (1 week time frame).
the price hit a local high in April 2024 and hit another high in November 2024, meanwhile the price hit the SMA that acted as a resistance and the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The buy area is between 1.968 and 1.703.
We will put our first take profit at 3.014 where there was an high in April 2024 and the second take profit at 4.526 where there is the higher high.
Good luck!
Here it is my idea for a long position on OPUSD (1 week time frame).
the price hit a local high in April 2024 and hit another high in November 2024, meanwhile the price hit the SMA that acted as a resistance and the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The buy area is between 1.968 and 1.703.
We will put our first take profit at 3.014 where there was an high in April 2024 and the second take profit at 4.526 where there is the higher high.
Good luck!
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