Opusdtlong
OPUSDT Elliott Waves (Local Setup)Hello friends.
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Everything on the chart.
Entry: Market and lower
Targets: 4.4 - 4.6 - 4.8
after first target reached move ur stop in breakeven
Stop: ~3.3 (depending of ur risk).
RR: 1 to 2
ALWAYS follow ur RM.
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Wait for get profit in buy OP)❤️❤️Thanks for boosting 🚀 and supporting us!
📈support in first candle pollback.
📊 (Buy-sell) : 2.898
🔴 Stop Loss : 2.727
🎯 Take Profit : 3.092-3.315-3.357
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
#op/USDT#op
Finally, the downtrend was broken
After almost a year of decline
After breaking the downtrend, the price began to rise regularly over a period of days
Current price 1.53 $
The price is expected to reach an initial target of 1.77 $
Before making the correction
To continue the rise to the second target at a price of 2.93 $
This rise is supported by reversal patterns and a descending triangle that was broken
As well as the presence of significant oversold saturation
OP/USDT Perfect retest on the ATH before. Ready for New ATH ??💎 Currently, OP is exhibiting a noteworthy bounce from what was previously a resistance area, now functioning as a support zone. If this retesting phase proves to be valid, OP may well be on a trajectory to continue its upward movement, the probability reaching new all-time highs (ATH) with the Fibonacci 1.618 level as the next target.
💎 However, should OP struggle to maintain its footing at this crucial support area and instead breach below it, it could signal a concerning shift in market dynamics. Such a development might indicate a reversal to a downward trend, with the demand area becoming the next significant lower stop.
💎 The importance of the demand area in this context cannot be overstated. For OP to sustain or regain a bullish trend, it is imperative that it finds strong support and rebounds in this zone. A failure to do so, particularly if OP breaks below this demand area, could be interpreted as a bearish indicator, potentially leading to further declines in its value.
💎 For those closely monitoring OP, it's crucial to watch how it interacts with these key levels. The asset's response to the support retest and its ability to withstand pressures at the demand area will provide valuable insights into its short-term market direction. Stay alert and be ready to adjust your strategies in response to these market movements.
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
OP/USDT: Waiting for breakoutBINANCE:OPUSDT has broken out of its major resistance and is currently waiting for another resistance breakout. We can expect this breakout to happen within the next 2-6 days. 📈 This breakout is crucial for our LONG trade entry.
Our trade setup is planned for a LONG entry after a confirmed breakout.
Entry Price: 2.0 - 2.1
StopLoss: 1.7
Target Prices:
TP1: 2.25
TP2: 2.5
TP3: 2.8
TP4: 3.2
Wait for our confirmation before entering the trade. Please like and share your thoughts in the comments. It keeps us motivated to share more trade ideas.
Cheers,
GreenCrypto 🌿🌿🌿
longing to flyThis currency is placed in a support range and the possibility of a growth up to the resistance range is not far from expected.
In the daily time, a corner pattern has been formed for this currency, but it has not yet been completed. If it is completed, we can have a safe entry.
The support and resistance ranges for this currency are clear in the chart. For friends who are risk takers, we have considered a long position that they can enter into the transaction accordingly.
OPUSDT UpdateBINANCE:OPUSDT current situation is as follows:
OP is currently in a neutral position. In my previous post, I correctly predicted a 40% growth and a 20% price drop for this currency. However, the price is now caught between strong support and resistance, and I don't want to take any trades in between.
But where and when should we enter a short or long position?
I'm waiting for one of these two scenarios to occur. Either the resistance line breaks with strength and the daily candle closes above the resistance level with a significant gap, and then I wait for a retest, or the same conditions occur for the support line.
Apart from these two scenarios, I have no intention of entering a position because I don't want to get stuck in this range, and I want to catch the larger waves.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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OPUSDT Long idea"After a 70% drop, the price has entered an important area. It is an area with high liquidity, which is important both psychologically and technically. It is also the $1 region, which is also the 0.786 Fibonacci support level. The importance of this area can be understood from the duration of past price interactions and the number of touches it has experienced. The 0.786 Fibonacci support level can be considered one of the most significant support points for reversing the market trend, according to many analysts. However, the loss of this support can lead to further price decline. But don't forget that we also have a static resistance line and a trend resistance line, both placed at $1.20. Personally, I want to enter a long position at the green box because I know that if this move begins, we will have a major pump ahead."
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."