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Optimism

OPUSDT in a downtrend now (50 % profit)OPUSDT looks like it's ready to dump . The price broke the upsloping support. We may see a bounce and the rejection from the line which should be acting as a resistance now. However, the dump without the bounce is also likely. RSI in a downtrend. Hard to imagine OPUSDT carrying on the uptrend in a short-term. Take profit levels and final target are shown on the chart. Over 52% to be made here. If the price reclaims the upsloping support, it would be a clear invalidation of our thesis. Good luck
Short
by vf_investment
14
OP/USDT Gained 300% in past 3 month what Next..?Analysis of the OP/USDT Technical Chart: The current trading price of OP is $2.425, representing a 27% decrease from its recent high in February. However, the chart shows that OP has generated high returns for investors in the past 3 months, with a 300% increase. Currently, OP is holding strong support at the neck line level, and it is expected to continue to do so. However, if it breaks down, there is a significant down leg waiting for the breakdown, and a 50% decrease is expected. In the event of a breakdown, the first target is expected to be $1.642, with a second target of $1.16. Two major support points to watch are $1.642 and $1.435, with the possibility of a great entry point at a retracement of 0.5 and 0.618 at these levels. The current resistance level for OP is $3.16. If you find this analysis and content helpful, please show your appreciation by liking it. Thank you. Follow For More Crypto Analysis
Short
by CryptoPatel
4