OPUSDT - Another 12% Pump Possible 🎯Hi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
A quick video analysis on OPUSDT - and possible short term price action by using two technical indicators together; the Phoenix ascending and Fibonacci Bollinger Bands.
The best bet in terms of risk management would be to take most of your profits now if you have a lower entry, and leave the last for the possibility of another 12% increase from this point.
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OPUSDT
Op/USDT In Falling Wedge and Range [not so OP right now] Opusdt is in a Falling Wedge and in a range
Opusdt broke the support now we can see resistance from the previous support and support from the previous resistance and all these in a range inside of the Falling Wedge Pattern
After breakout we can see significant movement in opusdt
If we breakout upside than we have Falling Wedge Pattern confirmation but
If we breakout downside than we have Head&Shoulder Pattern Confirmation
P.S.THIS IS NOT A FINANCIAL ADVICE
OP / USDT LONG hello traders
The price still has not reached the sellers area
And if we analyze the correction waves, we find that it remains an ascending wave to complete the correction
There is a strong support level
Therefore, there is an opportunity to buy from the support level to target the sellers' area
OP broke trend up, possible long position available!The chart is fairly straight forward, ive been waiting for this trend line to break for quite some time now!
Its finally broken above the trend and retested on lower TF and looks to be holding some strong momentum.
I took a LONG position when it broke the level and will be aiming for the .5fib for TP1(to be safe), and the 618fib TP2, and as far as the 786fib for TP3.
OPUSDT has formed a bullish pattern at the support zoneOPUSDT has formed a bullish pattern at the support zone. The price wasn't able to break below the support zone and there is a high possibility that the price goes up after the consolidation.
💎 OPUSDT
🔵 Entry zone 1.176- 1.333
🟢 TP1 1.497
🟢 TP2 1.756
🟢 TP3 2.384
🔴 SL 0.929
Good Luck 🎲
OPUSDT - Channel Breakout!OPUSDT (4h Chart) Technical analysis
OPUSDT (4h Chart) Currently trading at $1.26
Buy level: Above $1.25
Stop loss: Below $1.072
Target 1: $1.37
Target 2: $1.61
Target 3: $1.84
Target 4: $2.2
Max Leverage 3x
Always keep Stop loss
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OP Scalp long - Looks like bottomReasons to long:
⭐️ BTC Dropped a lot
⭐️ Domination rose a lot
⭐️ Huge spike in volume at bottom
⭐️ 3rd approach
⭐️ 55 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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VERY RISKY TRADE IDEA SINCE BTC IS PUMPING. SHORT ON OPUSDTPERPBearish Wolfe waves - nothing much to explain! Very risky trade, and I am only risking some profits on it.
Targets in green (stick to your own stop loss / leverage).
Thought we could make use of $BTC's imbalance through impulse and the overbought RSI on the 15m timeframe diving below its RSI's MA for some quick gains.
Use proper risk management and position sizing please.