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OP / TetherUS

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OPUSDT trade ideas

OP scalp - swing short A current low has been established on the higher time frame (1H) Price currently retesting the highs of the range (15min). Expect a deviation above 1.6400$ and a retest of the clean lows (red line). CLEAN LOWS = EVERYONE HAS THEIR STOPS UNDER IT Entry after deviation of 1.6400$. Stops should rest above 1.6500$ for the time being. TP 1.6030$ TP 1.5860$ Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
Short
by Patrick2707
#OP-USDT at crucial levels?The OP/USDT chart shows an interesting scenario where the token is currently at a strong support level with increasing buying pressure. However, the sellers are also consolidating the market and aiming to take the price down. This means that there is a tug of war between the bulls and the bears in the market, and traders need to be cautious when making trading decisions. To maximize profits, traders should look to enter the market at the buying area between 1.5730 and 1.7393 levels, where there is a high probability of a price bounce. Once the price bounces, traders can take profits at the resistance levels of 2.0688 and 2.1582. #plan your trade trade your plan
Long
by KingCharts
OP is strating a big upward moveHello Traders🖐🏿 In the chart of OP/USDT, we have 2 channels, all time channel and recent downtrend channel, the bottom of both channel in this price situation, is one point that touched yesterday in 1.49$, now we expect that OP making an upward move to 4$ after recent big crash from 3.3 to 1.49 that claimed all order blocks in lower zones Likewise RSI touched oversold zone in last days and now is showing some good signs to OP growth. This is not a financial advice, its just my idea. Good luck 👊🏿
Long
by HrSs7
Pointy time for $OP [Optimism]Honestly, I like patterns. I like this one for Optimism with its converging trend-lines and a palpable tension about a break to the upside/downside, most likely in the next 10 to 14 days. It being a market it is always unclear, and not possible to predict prices despite all the fancy tools. MORE: The year has seen OP break out from it's low during the bear market in 21-22 and then follow a regression path for the last few months between HKEX:2 and $3. Most of the time it moves between a support level around $2.15 - $2.30 and a resistance zone between $2.5 and $2.7. The trend lines, wherever you start, between the declining high's and the rising lows all converge at some point in May. So it's all very exciting if you like that sort of thing. If you "clean-up" (ignore) the 'extra low' data point that occurs at the collapse of silvergate, silicon bank and signature. It's really neat and predictable. Especially for longer periods. I am in a long position based on the RSI (which indicates a break out to the upside) and other technicals. There are plenty of supporters of a flat-bottomed regression like this (a right-angled triangle that fell over) being a strong sign of a positive / bullish upturn. The flat bottom indicating very strong support. There are no major break points to the downside, everyone seems to feel bullish about the market in general etc And they predict a rise of anywhere >100%. I am hesitant, like all sane investors. There are also excellent analyses available that expect the reverse - that the longer EMA's (exponential moving averages) will cross and the token will move to the downside, possibly as far as $1.6 before moving upwards. All of these are indicated on the chart with a variance in the bullish trends marked as the typical angle (green) and a more contested rise (teal). Time will tell.
Long
by toklas_boo
1
OPUSDT is testing the demand zoneOPUSDT is testing a key level around the $2.1 area, where there is a significant demand zone. This means that there is a high level of buying interest from traders at this price level, which could potentially lead to a price increase if the demand holds. In order for the price of OPUSDT to continue to move higher, it needs to create a breakout from both dynamic and static resistance levels. This would indicate that the buying pressure is strong enough to overcome the selling pressure and push the price higher. Once the breakout occurs, it's important for the price of OPUSDT to retest the resistance level as new support. This would confirm that the breakout was successful and provide a strong foundation for a new long position. Traders looking to enter a long position on OPUSDT should be targeting the $2.5 area as the next resistance level ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
12