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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
OP/USDT Waiting For H&SHey, guys ✌️ OP/USDT is next one on our watchlist today! We see a good potential Head & Shoulders pattern to form here where first stop will be near EMAs which are currently far from market price. We have already shorted so let's see! 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.
Short
by SwallowAcademy
14
Price Analysis of OPUSDTIn a 4-hour timeframe, the price has crossed 50-EMA with a volume greater than 21-MA volume. Currently, 200-EMA is acting as resistance and the price needs to cross above the EMA with volume greater than 21-MA volume. If price moves above 200-EMA, next target price is 2.837 with 200-EMA acting as support. Note: Studies are for educational purposes only. We will not be responsible for any of your Profits & Losses. Please trade with a proper risk management strategy to avoid huge capital loss.
Long
by Prachi3009
OPUSDT Testing important supportSUPPORT: $1.60 RESISTANCE: $3.20 Targets on chart for both scenarios. As the sun set over the sprawling city, a gentleman sat quietly in his study, watching the ticker tape on his desk. The name on the tape read "OPUSDT", a curious name for a most curious asset. The gentleman had been keeping an eye on this asset for some time now, and despite his initial reservations, he had grown quite fond of it. However, his fondness was now being tested. OPUSDT was approaching a critical level, a level that would determine its future trajectory. If it held this level, the gentleman believed that OPUSDT would soar to the lofty heights of $6.00 (six dollars). The gentleman knew that he was taking a risk by investing in such an asset. But he was a man of conviction, and he trusted his instincts. He knew that if he played his cards right, he could come out on top. And so he sat in his study, watching the ticker tape with bated breath. As the price of OPUSDT approached the critical level, his heart raced with anticipation. He knew that this was a pivotal moment, one that would determine the fate of his investment. Finally, the moment arrived. The price of OPUSDT hovered at the critical level, teetering on the edge. The gentleman held his breath, watching intently as the price fluctuated. Investing is a game of patience and wisdom. One could not simply throw their money into the market and hope for the best, for that would be the way of a fool. No, one has to wait for the price action to pivot and climb before investing, for that is the mark of a wise and cunning investor. Such an investor carefully watches the movements of the market, studying its ebbs and flows, waiting for the opportune moment to strike. For they know that to invest too early or too late was a sure path to ruin. And so they wait, biding their time with the utmost patience and restraint, until the moment was just right. Then, and only then, they make their move, with confidence and resolve, knowing that they had chosen wisely.
by bitdoctor