OPUSDT trade ideas
OP (Y23.P2.Video1) The story continues. The next entryHi traders,
This chart is not the most bullish structure of recent as we approach the most critical level for OP to be macro bullish. As long as BTC doesn't drop hard and with a slight possibility to continue up from where we started 2 days ago, then OP has a chance as well.
We look at the key levels and why they are important.
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Regards,
S.SAri
OP/USDT pushing from trendHey traders 👋
OP coin is next one on our watchlist. We are looking here for a nice bullish movement which might fill some gaps near 200EMA. Looking here for 100EMA to be broken for additional confirmation here that price will head towards 200EMA. If 100EMA will hold strong here we will go for another re-rest of that trend!
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OP scalp - swing short We have gotten our first test of the mid range.
Waiting for PA to develop and give us a deviation above 1.6400$
Will look to open shorts if we hold below it after deviation.
Plan remains the same for now until proven wrong.
Entry after deviation of 1.6400$
Clear invalidation above 1.6500$ for the time being.
TP 1.6030$
TP 1.5860$
SL above 1.6500$
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.
OP short scalp - fundamental analysis For further confluence with the newest OP short scalp idea (idea linked).
We are currently trading in a big range.
HTF range high is 1.6965$
HTF range low is 1.5860$
Mid range stands around 1.6350$ and is considered as the current range high for the 15min trade idea.
Blue box represents the deviation of the mid range
Black box represents the accumulation before the break out to the top side. Orders are resting there and will be targeted on the long term.
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.
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.
I see this patternHit bottom of channel, hit top of channel twice and then back down to the bottom. you double/triple tap the bottom channel, before a big move out. this would line up with june FOMC rate decision. Other scenario would be to continue up from this point, though i think this is unlikely given current volumes.
#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
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 👊🏿