OPUSDT trade ideas
OPUSDT - Buy Setup!!OPUSDT (1D Chart) Technical analysis
OPUSDT (1D Chart) Currently trading at $2.56
Buy level: Above $2.55
Stop loss: Below $2.15
TP1: $2.9
TP2: $3.25
TP3: $ 4
TP4: $ 5
Max Leverage 2x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
OP Analysis updateFollowing the previous analysis, It seems that the resistance in 2.39$ is broken, We are now waiting for the price to stabilize above this area on the daily time frame.
If it happens, due to the growing of OP/BTC we will expect that price jump above 3.2$ in incoming days.
Good luck👊🏿
OP is trying to break its resistance👁️👁️Hello traders🖐🏿
OP is trying to break its resistance in 2.4$.
I think it can be accomplish this time, if this break happen, price grows to 2.64$, that is a key resistance, because 2.64$ is level of upper edge off symmetrical triangle that formed in last weeks.
The break of 2.64$ will start a bullrun till 4.2$ as a new ATH.
Now the momentum of price movement is very good, and its a good sign to break the resistance.
In another hand we should keep our eyes to ETH chart, if ETH can break 2000$, the road to 4.2$ is clear.
Its not a financial advice, its just my idea.
Good luck👊🏿
OP Looking for a Bullish BreakoutOP has consolidated since January and held price levels above the $2.00 price range. The following factors present the bullish case presented in the measured move:
- Falling Price with falling volume suggests a lack of bearish momentum
- Inverted Head and Shoulder pattern is one of the highest probability structures in trading with around a 90% success rate. Measured move is around the $3.50 range
- Falling wedge pattern has consolidated price nicely and signals for a bullish continuance. Measured move is $4.61
- Hidden Bullish Continuation divergence suggests the long time frame bullish trend is likely to continue.
- Weekly Stoch RSI has reset below 20 with price remaining high suggesting another move up is likely
- 3D Stoch RSI is pointing upwards. Likely to break downward trendline (Bullish) this week or early next week.
- Several bounces off 50% Fib level suggest strong support levels
Overall set-up for a 5x long with a price target of $4.61 suggests an upside of 481.7% and a stop loss around $1.975. Risk to reward of 6.11 on a high probability set-up.
Opusdt Getting ready for breakout Opusdt
Formed Bullish Symmetrical Pattern & in 4h time frame Incase of breakout Expecting 20-40% Bullish Move
Candle : Morning dogi Star Candlestick pattern (Bullish)
Remember: These are just ideas that we share from our experience, it does not mean that they will be 100% perfect, anything can happen in the market at any time.
Always manage your risk and trade with your on research
FUTURES LONGSon one hand, this is a medium/high probability setup as price has retraced quite low during its uptrend so buying opportunities have come in place ..
on the other hand, on the lower time frames 30min-1hr, price is in a clear downtrend so it will require some sort of strength and volatility for the trend to reverse but its all a probability and my cards are longs right now.
lets see...
OP ready to fly!After quite some downtrend and getting stuck in a triangle I expect the triangle to break downward which will most probably be a false breakout since it's an area of liquidity and start flying from the area that I highlighted which happens to be the entry price for the breakout signal!
NFA