OPTT Breakout Opportunity!
- **Entry Point:** $0.8796
- **Stop Loss (SL):** $0.7663
- **Take Profit Targets:**
- **Target 1 (T1):** $1.02
- **Target 2 (T2):** $1.19
The chart highlights a wedge breakout pattern with bullish momentum on the 30-minute timeframe. The price has broken out of the resistance zone (yellow line) with significant volume, indicating a potential continuation towards the take-profit targets.
### **Trading Plan:**
1. **Entry:** Place a buy order at $0.8796 after confirmation of breakout.
2. **Stop Loss:** Below recent support at $0.7663 to minimize risk.
3. **Targets:**
- First target: $1.02.
- Second target: $1.19 for extended gains.
Risk-to-reward is favorable; adjust your position size accordingly.
OPTT trade ideas
$OPTT 33-41 CENTS REVERSALIf the bounce gets confirmed, I would aim to collect profits around .67 to play it safe.
Thank you for watching, please keep in mind this is my personal opinion on the crypto and you should not trade/buy/short based on this information.
Please do your own analysis and give me a big smile :)
- DREAM1ZR :)
OPTT BUY/LONG NOW READY! 2.30 to 2.40 by ARD DEC21TICKER CODE: OPTT
Company Name: OCEAN POWER TECHNOLOGIES, INC
Industry: US Stocks Producer Manufacturing Electrical Products
Position Proposed: BUY/LONG
Entry: 2.30-2.40
1st Partial Take Profit: 3.55-3.60
2nd Partial Take Profit: 4.10-4.15
3rd Partial Take Profit: 5.10-5.15 (~Dec 2021)
Stop Loss: 1.75-1.80
Technical Analysis
1. Descending wedge/Pennant (completed and broke out)
2. MEGAPHONE forming at a bigger time frame
3. 1st Partial Take Profit will be at next major structure level & Fibonacci retracement at 0.786
4. 2nd Partial Take Profit will be at the next major structure level & Fibonacci retracement at 0.618
5. 3rd Partial Take Profit will be at 100% of flag pole length