OP target 6.451D time frame
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Entry: $1.4
TP: $6.45
SL: $0.9
RR: 10.1
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(1) Broadening wedge on high time frame
(2) Successfully testing support zone of the wedge bottom now
(3) Target analyses from Fib extension and Time structure are overlapped at $6.45
(4) Need time to reach during bull major wave, spot is better
(5) Stop loss once going below $0.9
Opusdtforecast
OP target 1.762 (short-term)2h time frame
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Entry: $1.38
TP: $1.762
SL: $1.29
RR: 4.24
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(1) Potentially accumulate momentum to pump through two Fibs Projections
(2) Yellow path: Finished a Fibs projection from 0.382 to 1.414
(3) Blue path: Currently searching support around Fib 0.382, high possibility reach 1.272 if stop falling here
(4) Fib 1.618 of Yellow wave is overlapped with Fib 1.272 of Blue wave
(5) Stop loss once going below $1.29
OP target 2.414h time frame
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OP created a double bottom and retested with a triangle structure. OP is still consolidating in this triangle, which could be a potential continuation structure and help us to set up a trading plan. Target will be estimated from double bottom and the triangle.
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TP: 2.41
SL: 1.523