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Short OP vs USD
Optimism / Tether
Short
Short OP vs USD
By Trader_CD
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Updated
Feb 26, 2023
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Feb 23, 2023
Optimis pumped on the Coinbase hype today and it made a SFP at Range Highs on the daily.
Took a short here with SL at todays Highs, this is a swing play for me so I expect it to play out in few weeks.
Mid Range is the target.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
Feb 24, 2023
Trade closed: stop reached
Well, stopped me out, as LDO yesterday, squeezed more then expected.
It tested ATH and got rejected, that was a good spot to short but was sleeping so now waiting for the price to go back in the range to jump back in.
Feb 24, 2023
Trade active
Staring to scale back in. If we see a confirmed brakeout above ATH, then I'm wrong.
Could see some wicking at ATH to trigger Stops.
Feb 24, 2023
Comment
Current price is $3.13, the deviatoin will be confirmed when it breaks below $2.97 again.
Feb 25, 2023
Comment
We saw aggresive Stops hunt at $3.20, as predicted and then a selloff.
So now we have a break down. My avg entry is at $3.16. Moved SL in profits.
Feb 25, 2023
Comment
Took some profits at $2.67. Will coumpound on bearish retests.
Feb 26, 2023
Comment
Scaling back in my short.
Feb 26, 2023
Trade closed manually
Closing the rest of the trade here at $2.95. Will post a new short when time comes. (few days probably)
Chart Patterns
crypto
cryptocurrencies
cryptomarket
Technical Indicators
OP
opshort
optimism
OPUSDT
Trend Analysis
Trader_CD
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