In the OP/USDT pair on the daily timeframe (Heikin-Ashi candles), we are anticipating a possible double bottom formation after a double top formation. According to the double bottom formation, it would be reasonable to take a long position with a 7% stop loss after the price reaches the 1.147 level. Our initial interim target level will be 1.94, which corresponds to the middle of the range, and our second main target level will be 3.028.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.