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OPUSDT trade ideas

OP/USDT Still Inside Triangle FormationHey, traders ✌️ Let's take a peek at OP coin. We see that price is sitting just above the EMAs while inside the triangle formation - waiting here for price to find any sort of support for the price in order to see any decent movement. Currently we are just watching... 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.
Long
by SwallowAcademy
Optimism(OP) will lose 💣at least➖12%💣of its value!!!Better to know first what is the Optmisim(OP) project. What Is Optimism (OP)❗️❓ Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum. Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Optimis lost its support line after accepting defeat from the resistance line. While losing the support line, it managed to form a descending channel, and now the lower line of this channel is also broken by the breakout candle. I expect Optimism to drop to at least the 🟢support zone($2.24-$1.99)🟢. Optimism Analyze ( OPUSDT ), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
Optimism Weekly Reversal Signal?Is the optimism chart trying to tell us a trend reversal is on the way? Looking at a weekly bar chart we can see last week we closed our first weekly bar BELOW the low of the highest bar in the recent uptrend. This is a classic trend reversal signal that warrants at least the setting of a stop loss at the low of the high bar and position of neutral. Does this weekly reversal signal mean price has to change. Absolutely not. It is simply an indication of trend exaustion that tyically leads to a price decline without sufficient reasoning to entice renewed bullish sentiment. An indication of continued bullish sentiment would be to push above and hold the high of the current lowest bar. This would be at $3.10. Our current position on OP is TAKE PROFIT and to set a stop loss at the low of the high bar. If stopped out consider shopping for lower prices to re-enter what has become a popular project in the cryptoverse and probably here to stay for some time. In the event OP brakes the low of the high bar on the weekly chart and manages to range re-entry above $3.10 may be in order.
by Degen-Dynasty