OPUSDT trade ideas
OPUSDT - Bullish OPUSDT is displaying a bullish move, with clear signs of a Bullish RSI divergence in the 4-hour timeframe. This divergence is an indication of potential strength in the upcoming price action. Anticipating the formation of higher highs (HH) and higher lows (HL), I've marked my entry point (EP), stop loss (SL), and take profit (TP) levels on the chart.
It's important to bear in mind that while this analysis supports a bullish scenario, the cryptocurrency market can be highly volatile. Therefore, conducting thorough research and staying updated on market developments remains crucial before making any investment decisions.
OP Updated Trading PlanOP is another crypto project we are currently watching for some larger moves to the upside.
Current Trading Plan:
Looking for a pull back to solid support or at least the midline of its current trading range.
OP in comparision to others we have looked at the in past few days is not presenting itself in as clean of a fashion making it a little harder to formulate a solid tight entry window.
As such watching the rest of the market as a whole coupled with bullish oscillator signals an entry may present its self in the 1.25-1.35 area.
Being the nearest resistance level is only 50% of the target we are seing on similar assets a second target area has been added one range higher.
Trade Well....
The key is whether it can rise beyond the box range of 1.231-1.4Hello?
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(OPUSDT chart)
The volume profile section is formed in the range 0.919-1.129.
Therefore, if the price is maintained above the 0.919-1.129 range, it is expected to continue its upward trend.
(1D chart)
It shows sideways movements in the range of 1.111-1.68.
Accordingly, the key is which direction to deviate from this section.
It is necessary to check whether the price can be maintained by rising above the 1.231-1.4 section, which is the currently formed box section, above the M-Signal indicator of the 1M chart and above the rising trend line.
If it falls below 1.310, there is a possibility that it may fall to around 1.111, so you need to think about a response plan.
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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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Optimism OP Coin: Is It Going to Crash Again?Based on the on-chain data, and technical analysis of BINANCE:OPUSDT , there is a possibility that the price may crash further by 15% before we will experience any reversal at the historical support level.
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OP is caught in a falling patternBy examining the pattern of the OP symbol on the chart and examining the waves, we can understand that the OP is forming a large falling triangle.
Triangles have five waves, and now we are in the fourth wave, the D wave, which has become a diametric diamond.
This scenario is expected to follow.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Potential reversal towards upwardPotential reversal towards upward.
SMC bottom reached. On 4H - MFI goes up, bulls go up, ADX above 27 and DI+ crossed DI-.
Entry: 1.2466-1.2755, Stop loss: 1.15
TP1 - 1.47 (75%), TP2 - 1.85 (25%), Expected average close: 1.567, RR - 3.60
Risk: Loss 0.6% of deposit
After reaching TP1, SL to 1.28