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OP/USDT 0.786 Retracement Target 4.1 Based on my analysis, it appears that there is a breakout of OP Optimism, which has seen it shoot up and retrace 0.786. This particular retracement level is known to be a significant area for altcoin retracements. I have observed that OP has managed to hold above turning resistance, thereby transforming it into support. While there may be some resistance at 2.9 and 3.1, I believe that it will ultimately break out cleanly, leading to a surge towards 4.1. To conduct this analysis, I have used a range of technical indicators including Fibonacci retracement levels, fixed area volume, anchored Vvap, and horizontal supports. With a leverage of 5X, my position was opened at 2.1 and closed at 2.8 before being reopened at 2.6, which corresponds to the 0.786 retracement level. Based on my analysis, I have identified three take-profit levels, with the first target set at 3.1, followed by 3.5 and 4.2 respectively. I will continue to monitor the market closely, and once OP reaches the 4.1 level, I will conduct further analysis to determine the best course of action. Leverage 5 X Position open 2.1 Closed 2.8 reopened at 2.6 (0.786) TP 1 3.1 TP 2 3.5 TP 4.2
by Crypto_Raheel
$OMG/USDT 4h (#BinanceFutures) Ascending trendline breakdownOMG Network (f.k.a. OmiseGo) printed a shooting star below 50MA resistance and seems about to retrace down further. ⚡️⚡️ #OMG/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (3.0X) Amount: 8.4% Current Price: 1.711 Entry Targets: 1) 1.796 Take-Profit Targets: 1) 1.476 Stop Targets: 1) 2.010 Published By: @Zblaba $OMG #OMGUSDT #OmgNetwork #OmiseGo #L2 Risk/Reward= 1:1.5 Expected Profit= +53.5% Possible Loss= -35.7% Estimated Gaintime= 1 week
Short
by TradingOn
$LPT/USDT 1D (#Bybit) Descending trendline breakout & pullbackLivePeer Token is pulling back to 200MA after breaking the downtrend, a bounce towards Fib 0.786 would make sense. ⚡️⚡️ #LPT/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.8X) Amount: 6.3% Current Price: 8.515 Entry Targets: 1) 8.472 Take-Profit Targets: 1) 10.694 Stop Targets: 1) 6.987 Published By: @Zblaba Risk/Reward= 1:1.5 Expected Profit= +47.2% Possible Loss= -31.6% Estimated Gaintime= 1.5 months $LPT #LPTUSDT #LivePeer #Web3 #DeFi
Long
by TradingOn
2
OP Price will go down entire 2022Only 10% of the total supply is unlocked and in circulation. The project is trying to push price up to sell them in high price before token unlocks happen in late May. There is a big unlock in May. The more token is released, the lower the price will go. Of course, the project owners will try to keep it high so they can make more profit. Optimism is Genesis related project. If you check the other projects in Optimism ecosystem, You will see that Genesis have the custody of tokens for many projects. They are programmed to be a scam project. But of course, be careful with your shorts, because the supply is so limited and its controlled by the manipulators. They can easily manipulate the price. If I see the price of OP 5$ in a night, I wouldn't be surprised. But the destiny is certain. OP price will eventually end up under 0.4$ this year..
Short
by kingoftradericy
2