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OP

OPUSDT |Coin Review| Breakout of the local countertrend!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Let's analyze the OPUSDT coin from the side of technical analysis The asset is now locally in a downtrend, this can be seen from the local double line countertrend, it is also price resistance. There is a strong pursed trend line, I expect a breakdown in the short term and a removal to the 0.5 Fibonacci zone ($ 1.825)
Long
by DanilBlinkov
Optimism $OP (SHORT) Currently Overvalued Compared to Polygon Optimism, a layer 2 scalability play on Ethereum is currently trading at an $8.2B fully diluted valuation, as compared to Polygon's $9.2B valuation. While TVL (total value locked) on Optimism is soaring, it's still only $1.1B compared to Polygon's $1.7B. We're likely just seeing a rotation of money chasing DeFi opportunities in the Optimism ecosystem as there are no DeFi protocols in the Optimism ecosystem that innovate past what is already available on other L1 and L2 ecosystems. We've seen similar rotations like this before, most of which result in a large run up followed by a steep crash in token price. Lastly, only 5% of OP tokens are circulating, making the price extraordinarily sensitive and volatile, particularly to the downside as more tokens become unlocked and flood the market. Looking at two different shorting opportunities based on key margin pressure level resistance, keeping tight stop losses in case $ETH pumps on the merge narrative and the ETH ecosystem follows suit. Check out my YT channel to learn more about margin pressure levels.
Short
by SistineResearch
OPUSDT: Deep decline could start right nowPreviously I have published an idea for OPUSDT. Now, I made adjustments to the current wave count. The price successfully overcame the uptrend line, forming an impulse in the assumed wave 1. At the moment, wave 2 is being formed, in which the most highly effective trades are opened (according to trading rules by Elliott Waves). I opened a short position and plan to increase the volume of the position at breakdown of the price minimum of wave 1. The target level for taking profit now at $0.1. The risk-to-profit ratio reaches 1:8. Best Regards, CEO Tornado Capital
Short
by HurricaneCapital
3
OP Short OpportunityMight have missed entry but it very well could come back to it. Trade looks solid but has some considerable risk. It's a bit late to start a short but figured I would share this anyway because you can enter where you want and chose what levels are right for you. This is just my idea/ I am already in the trade but expect it to pull back. . It could also shoot through my stop as well, but I gave it some room. As always do what you are comfortable with. This is not financial advice. Just a trade I am taking and try to share more ideas. Keep an eye on BTC because it will have an effect of this. Sorry this is rushed as I am walking out the door so everything on the chart is not exactly as I usually have it. Trade is live but you might want to wait for entry.
Short
by Z3R0-G3N3S1S
4
OP.Usdt (Y22.P3.E).The trade so far..where is the bottomHi All, I do believe this bear market is not like any other because the current world climate is not like no other, high inflation and interest rates to still come so we will see more down turn on the stocks and crypto is no exception. Having said that, This could be wave 3 to 4 looking for completion. Why wave 3 to 4? Wave 3 to 4 is usually complex, even in a uptrend or downtrend market. We also might have a trading opportunity if it comes using the RSI however in a bear market, targets don't usually hit like in a bull market. Unless its a reversal. The breakout trade can only be a relief rally in my opinion, just like for the others. All the best, S.SAri
by ssari
OPUSDT 1H🔥 NEW COIN, NEW FEATURES!NEW TOKEN ⚡️ ▫️ #OP is a new token that was listed on June 1 and reached a maximum of $ 2.20 per coin, at the moment the price of the token is trading around $ 1.260. I think to buy ativ for a small percentage of the support level. ▪️ Brief information about the coin: Optimism is a project aimed at scaling the Ethereum blockchain. The company was previously known as the Plasma Group non-profit organization (2019). Then it was mainly engaged in research, and since 2020 it has started practical actions. The solution is based on the Optimism Roll up technology, which allows scaling common smart contracts and providing instant transactions on the Ethereum network. ▪️ OP is an Optimism project management token launched on June 1, 2022. Distributed by airdrop among 232,000 users from the waiting list. The launch was not very successful, the token dropped significantly in price after the launch. ✅ Do not forget to visit the channel there is a lot of useful information about trading.
Long
by DanilBlinkov
Op has been a riot all day #volatility monster As you see on the 1 hour as well as even better on the 30 min. and 15 min. time frames. Ever since the airdrop sell off that supposedly happened earlier to create the fall from the Moon shot launch it had. This thing has actually managed to create a rather solid base. Looking like there's actually a really good structure for trading for those into a long night, or lucky enough to be in a time zone just waking. Launching on so many major as well as CEX at once means there's a LOT of angles to this right now. Stay safe and keep your stop losses tight and leverage within reason. #yolo , lol .
COINBASE:OPUSD
by rarebreed29