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OPUSDT trade ideas

OPUSDTHello there, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for OPUSDT In this chart, R2 and R1 are our resistance areas in which the unsuccessful triumphs of price is clearly seen. And finally at the bottom of the chart, we have S1 which is the long-term support line and contains the support of price at different points since the past. The price past trend illustrates its well support at two points at S1 and after each support, it faced more rise to higher amounts including R1 and R2. The existence of a head and shoulders pattern means that the price formed the head part of the pattern when it was rejected at R2 and now it is moving over S1 again. Hence, the price is fluctuating at this point and experience a rise up to the resistance areas. These will be the good points for saving your profits. Or if possibly the price is believed to be supported again and by rising toward R1 falling for another time, we expect the right shoulder of the pattern to be completed. But in case the price falls below the support area, then more decline happens to it. Even by more fluctuation and support above R1 area, more rise is waiting for the price. Note that it is recommended to wait for some confirmation candles and make sure of your next action in trading. In case you are interested in experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you success
by MarsSignals
8
OP/USDT potential movements here! Hey traders 👋 Let's take a look at OP coin here which is testing multiple times that lower support zone. We might be too early to take a position currently so we need to wait for attentional confirmations here which we have displayed on the chart as well! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
5
OP is ready to jump over 3$This coin needed to pullback into these areas to gain momentum to start a rally over 3$. As I said a few days ago, symmetrical triangle pattern has been completed, and now the price has been accomplished a pullback to upper edge of mentioned pattern, and now everything is ready to start a move to 3.28$. If we want to do a more detailed investigation, we should use Fib RET tool, according to Fib RET in 4H TF, 0.618 level played a supporting role well, and caused a price reversal. Now we should wait for a bounce from here. This is not a financial advice, this is just my idea👊🏿 Good luck, be profitable👊🏿
Long
by HrSs7
Opusdt Buy opportunityOPUSDT has recently experienced a breakout from an ascending triangle pattern, a bullish technical formation that I believe must have caught the attention of majority of traders and investors. Following the breakout, the price pulled back to retest the neckline of the triangle, which has now become a major area of interest for buyers. The neckline, previously acting as resistance, now serves as a crucial support level. After retesting the neckline, OPUSDT has bounced off the support, indicating a strong likelihood of further upside. This price action suggests that the bullish momentum remains intact, with the asset targeting a price range between $11 and $16. It's essential for us to keep an eye on the overall market sentiment and other technical indicators, as unforeseen factors could impact OPUSDT's price trajectory. Proper risk management techniques, including setting stop-loss orders and position sizing, should also be employed to protect against potential losses. Do make sure to appreciate my view with your likes.
Long
by weslad
7
OP/USDT 0.786 Retracement Target 4.1 Based on my analysis, it appears that there is a breakout of OP Optimism, which has seen it shoot up and retrace 0.786. This particular retracement level is known to be a significant area for altcoin retracements. I have observed that OP has managed to hold above turning resistance, thereby transforming it into support. While there may be some resistance at 2.9 and 3.1, I believe that it will ultimately break out cleanly, leading to a surge towards 4.1. To conduct this analysis, I have used a range of technical indicators including Fibonacci retracement levels, fixed area volume, anchored Vvap, and horizontal supports. With a leverage of 5X, my position was opened at 2.1 and closed at 2.8 before being reopened at 2.6, which corresponds to the 0.786 retracement level. Based on my analysis, I have identified three take-profit levels, with the first target set at 3.1, followed by 3.5 and 4.2 respectively. I will continue to monitor the market closely, and once OP reaches the 4.1 level, I will conduct further analysis to determine the best course of action. Leverage 5 X Position open 2.1 Closed 2.8 reopened at 2.6 (0.786) TP 1 3.1 TP 2 3.5 TP 4.2
by Crypto_Raheel