OPUSDT trade ideas
When Head Shoulders is done then Bullish | Long BiasOn 1h TF
OP closed below 2.227 that confirm to Head Shoulders Pattern with target around 1.93
But OP is supported by Ascending Trend Line so we have a good zone to buy around 2.1 first then 1.93 if OP still down more.
Wait for rejection and signal for Bullish come back
THE CYCLE BREAK OF OPTIMISMThank you for reading this update.
Depending on our study we see that UMA has a good chance of volume increase.
OPUSDT did show a great break movement, which could be the start of a new cycle.
At this moment it's important that OP need to confirm the next time frames.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
Coins that are expanding the coin ecosystemHello traders!
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The altcoins that I am thinking of that are expanding the coin ecosystem are as follows.
BNB, XRP, ADA, SOL, DOT, TRX, AVAX, MATIC, NEAR, ATOM, ALGO, KLAY, FTM, LINK, OP, WEMIX
Since BTC and ETH are long-term investment coins, it is always best to have a large amount of them.
BNB Coin is also a mid-term investment coin, but it has the disadvantage of being an exchange coin, so I think it is difficult to be a long-term investment coin like BTC and ETH.
Therefore, please refer to the information explained below.
Coins (tokens) that are expanding the coin ecosystem can be traded in the mid- to long-term in the direction of increasing the number of coins (tokens) corresponding to profits, if possible.
In particular, I think that XRP, ADA, TRX, KLAY, OP, and WEMIX coins should focus on increasing the number of coins for profit.
The reason is that each coin contains definite drawbacks.
(OPUSDT chart)
The key is whether the price can be maintained by rising above 2.289.
(1D chart)
To do so, the key is whether it can rise above the 2.125-2.176 range.
If not, and it falls, you should check for support around 1.926.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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OPUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
KIND OF TRADING AGAINST HIGHER TIMEFRAME STRUCTURE SO ALWAYS HOLD YOUR BUDDY: RISK MANAGEMENT!
OP/ USDT mid channel today's crash didnt change any price change in OP/USDT currently trading at resistance mid channel previous rejection 1.55$ , 1.8 and now third time on same trend line , now trading at at previous POI of previous of point of center , if manage to reclaim 2.4 successful then 25% to next line of channel , any rejection of this area will cause 25% .
OP Bullish Update
This token is 100% bullish as long as we stay above the gray support zone (1.850-1.900).
My primary wave count considers we are in black wave 3, which should test the resistance levels close to 3.000. The breaking of the ascending channel to the upside is also a strong bullish signal.
🔥OP Bulls Try to Return The Price Inside The ChannelOptimism fell by -72% from the highs as many other altcoins did. Now it's consolidating below the channel bottom and the close inside the channel will be a bullish signal.
BTW The closest HUGE support is at $0.9-0.93, if the price will not close inside the channel.
💥The targets are on chart.
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OPUSDT - OPTIMISM IdeaHey Traders.. No Comment!!
BINANCE:OPUSDT
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.