OP/USDT 0.786 Retracement Target 4.1 The Trade from SFP 2.46 is still in play no profit has been taken yet. remember to do your own research it's not Financial Advice. Stay safe.
TP 1 - 3
TP 2 - 3.5
TP 3 - 4.2
Optismism
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
OP/USDT 0.786 Retracement Target buy at 2.6 perhaps 2.57 to3.1 A perfect retracement from 0.786 level I am still expecting 3 then 3.2 and at last 3.7. notice i am not taking any profits before that if we get further lows I will be adding more.
OP/USDT 0.786 Retracement Target buy at 2.6 perhaps 2.57 to3.1 The plan is still the same orders filled let's see if we can get our results.
OP/USDT 0.786 Retracement Target 3.1 0.786 retracement generally works really well for Altcoins after a rally to the upside.
op/usdt 4hrAs we can see from the chart $op is in a falling wedge, indication of a reversal pattern, bullish.
I see a breakout from or before 13th Sept 2022, give or take a few days in either direction, with a target of 1.316
