OPUSDT.P trade ideas
Not so OPtimistic moving forward on OPUSDT. See commentsOP/USDT 1-week: OP is looking weak after the "D" rejection at the upper trendline of this large descending channel. Also notice the inability to cross the 50 level on RSI, highlighted. Fisher descending trendline in effect. A potential bounce to the 1.45-1.60 level should be treated with scrutiny, as the long term picture indicates a prolonged bottoming process that could take us all the way to 0.30-0.35. Fib extension tool confirms this view with 1:618. Crucial support at 0.62 price level and that is the pivot point from Oct '22 as well as 1:1 Fib ext.
For more insight follow PIK at EXMO Study!
OP 3 Day Macro ShortOP 3D Short Idea - Im seeing a 4-5 & A-B wave right here ⬇️ , heading down to low of 3 for a safe take profit and maybe 2.618 at 0.4937. and then UP for a new ABC new cycle.! Three months of shorting OP head 😎
OP short - swing trade (update) OP swing trade went according to plan and pa moved pretty nicely.
OP gave us some nice and smooth pa just like APE.
Will look to play range trades during the week on OP.
Hope that some of you managed to take the trade or at least learned something extra from the range play and the way we understand the market.
The market is nothing but ranges, deviations and traps.
No need to complicate it. Of course you can use ICT concepts (which I personally do when scalping the lower time frames) and so on, but the easier you translate pa and candles into an EASY TO UNDERSTAND SYSTEM the EASIER it will become for you to understand when you are RIGHT and WRONG.
Understanding these principles in KEY in GROWING you CAPITAL and REDUCING RISK WHEN NEEDED.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
$OP Short IdeaPrice swept the highs up at 1.61 and got back inside -- which was my trigger.
Invalidation = clean break above 1.62 wick.
Looking for a retrace to the mid of the range at 1.48's then eventually much lower down.
Let's see.
op usdt head&shoulder BINANCE:OPUSDT make a clear head and shoulder
waiting break down for comfirmation
it is early now to enter short
OPUSDTOPUSDT is in strong bearish trend and also form bearish rectangle pattern. Recently the instrument has break through important support zone.
Now the price is trading within the rectangle and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
OP UPDATE (4H)OP is forming a falling triangle from the point of view of the Neo-Wave method.
The red area that I have marked is a confirmed order block that has many orders in it because it has led to a BOS.
The green area is a good place to place the target.
I think there is a good chance for a short position on the OP symbol. Place the stop above the red box, i.e. at the invalidation level
Be sure to do capital and volume management because there is no technical certainty and the review is probable.
$OP inverse H&S at daily timeframeNASDAQ:OP inverse H&S at daily timeframe
Could we make a bounce from there? Are we in for alt season?
Lets find out next coming days!
#DYOR
Bearish Trend and Critical Price LevelsOver the last month, the value of OP has been on a downward trend, indicating a bearish pattern. The support level at $1.53 didn't see an increase in buying interest. The overall market had more selling pressure, causing this support level to break. As a result, it transformed into a significant resistance point, leading to a negative response.
During this period, the price reached the lower boundary of a medium-term upward channel on two occasions. The first instance resulted in a notable positive response. However, the second attempt didn't yield a strong reaction. If the price continues to drop and breaks through both the lower boundary of the channel and the $1.10 support level, the conditions for this currency will worsen. This could lead to further decline, possibly down to the support level at $0.90.
Good Signals for Potential LongDaily Chart
BINANCE:OPUSDT is nearby support line
Chart 4H TF
OP is in Discount Zone 786 Re
Chart 1H TF
Good signals for Long Setup
- RSI Divergence
- Confluence of Fibo Clusters 786Re and 1.272 Re
OP has
- Resistance around 1.34
- FVG 1.31
- Lower support around 1.27
Wait a next move
OP short - swing trade (update)Great pa on OP. Taken off most of my position already as we are showing signs of nearing our final target at 1.20$.
IF we fail to create new highs I will look to open another short on OP. Targeting 1.20$.
Plan remains the same until proven otherwise.
Stay safe and never risk more than 1-5% go your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
OP/USDTUnless BINANCE:OPUSDT reclaims $1.50, I foresee a continuation of its downtrend.
My ultimate shorting target is approximately $0.66, as indicated on the chart.
After that, I'll be on the lookout for spot buying opportunities for the long term.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.
OPUSDTOPUSDT is in bearish trend a long time.
AT some point it was in ranging phase.
After that it is againg enter into the bearish trend.
If it breaks the Trendline at bottom side then it will continue the bearish mode.
opusdt short trade nice 3rropusdt looks week these few weeks as the market bleeds i hope op also bleeds down with it.
i took a short trade hoping to gain nice 3rr in this trade. i will keep updating on this post whatever happens here.
OP looks very bearish1.33 last level for now for possible bounce
Closing below with that level with D or W candle means we will see the price lower
On the chart I mentioned strong support levels with green line, from where #OP can bounce.
Currently I am bearish
OPUSDT LONGI think OPUSDT will be going Up to the purple Trendline , I've entered long position from 1.489
TP(100%): 1.56
Hedge sell order 1:1 : 1.448
OPUSDT LONG Setup I offer you a trading setup in long with a clear stop-loss and take-profits.
Buy: ±1,510;
OCO sell order:
Price 1.643
Stop 1.442
Limit 1.442;
Volume trade: 25-30% from your deposit;
Potential profit: 9-29% to deposit;
Potential losses: 1% from deposit.
OPUSDTHello Traders,
As we can see that op is rejected from from the top and aftr a succecfull retest we can expect a dump from here.
OPUSDT LONG OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
OPUSDT LONGI think from this point at price around 1.450 will OPUSDT rise and I'm taking long position.
Open 1.450
TP1(50%): 1.490
TP2(50%):1.524
OP short - swing trade (update)OP... yes the real OP this time.
OP going nicely and we have reached around half of our trade. Clean pa in comparison to other coins but we've been in it nicely from the start. Took most of my position off at these current levels. Will look to re-enter later in the week or take intra-day trades.
DO NOT GET OVERWHELMED OR OVERHYPED. Pa and the market are the leaders, not our emotions of impulses. Give way to your emotions and impulses in trading and the market will punish you.
Plan remains the same for now ..
TP 1. 40
TP 1.35
TP 1.20
Stay safe and never risk more 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
