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OP / TetherUS

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OPUSDT trade ideas

🔥 OP Volatility Incoming: Important TriangleOP has been slowly but surely forming a bullish triangle over the last month. With OP currently trading at the triangle's support, it's likely that we're going to see more volatility coming. I'm waiting for either a bounce, or a break out. In case of a bullish bounce, the top resistance of the triangle is the target. In case that we fall through, the blue lines are my targets. With BTC falling and the overall stock markets being weak, I deem a bearish move more probable. Time will tell.
by FieryTrading
10
OPUSDT in a downtrend now (50 % profit)OPUSDT looks like it's ready to dump . The price broke the upsloping support. We may see a bounce and the rejection from the line which should be acting as a resistance now. However, the dump without the bounce is also likely. RSI in a downtrend. Hard to imagine OPUSDT carrying on the uptrend in a short-term. Take profit levels and final target are shown on the chart. Over 52% to be made here. If the price reclaims the upsloping support, it would be a clear invalidation of our thesis. Good luck
Short
by vf_investment
14
OP/USDT waiting for that breakdown hereHey, guys ✌️ Just a quick overview on OP here. We see a good chance for a drop to come if we get another rejection at that zone of EMAs (We can also see a straight breakdown without any zones to be reached) 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
17
OP/USDT Gained 300% in past 3 month what Next..?Analysis of the OP/USDT Technical Chart: The current trading price of OP is $2.425, representing a 27% decrease from its recent high in February. However, the chart shows that OP has generated high returns for investors in the past 3 months, with a 300% increase. Currently, OP is holding strong support at the neck line level, and it is expected to continue to do so. However, if it breaks down, there is a significant down leg waiting for the breakdown, and a 50% decrease is expected. In the event of a breakdown, the first target is expected to be $1.642, with a second target of $1.16. Two major support points to watch are $1.642 and $1.435, with the possibility of a great entry point at a retracement of 0.5 and 0.618 at these levels. The current resistance level for OP is $3.16. If you find this analysis and content helpful, please show your appreciation by liking it. Thank you. Follow For More Crypto Analysis
Short
by CryptoPatel
4