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OPUSDT

OP Swing Long Market Structure Shift Analysis - OP is currently trading at 1.4$ - OP is also carrying the best structure when it comes to Altcoins - It's back to its previous yearly base where we saw the expansionary move from - It's going to be very important to see whether OP fades away and falls below this zone or maintains its yearly area of interest - Market Structure Shift will lead to a Parabollic rally in OP - If you are interested in SPOT then 1-1.4$ can be a very good range to accumulate OP
Long
by VKtradesimbalance
OP: Keep watch for potential longterm bullish signs. 🚀💎 Paradisers, #OP is going to approach the BB zone, or in simpler terms, a previously broken resistance zone that could now act as support. 💎If #OPUSDT exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from this area, we can anticipate a bounce from this level. 💎Should this level break down, our next area to watch for a potential bounce is the demand level, though we'll need confirmation before proceeding with any trades. 💎However, if the price breaks down through both these levels without confirmation, a bearish move might be expected. Nevertheless, I am not focusing on bearish strategies at the moment and would advise caution with short positions for now.
by MyCryptoParadise_Nathan
OPUSDT: Watch for Neckline Retest & Bullish OB Confirmation. 💎 OPUSDT has recently broken out of an inverse head and shoulders pattern, which typically signals a bullish move. 💎Additionally, OP has displayed CHoCH (Change Of Character) & BOS (Break Of Structure), further supporting the bullish market structure. 💎Currently, the price is approaching a retest of the neckline area of the inverse head and shoulders pattern, which coincides with a strong Bullish OB (Order Block) characterized by FVG (Fair Value Gap) above it. Any formation of a bullish candle in this area would be considered confirmation of the bullish trend. 💎However, if the price breaks down below the bullish OB, it would be prudent to wait and ignore trading OP until clearer price action emerges. It's important to note that due to the overall bullish trend in the market, bearish scenarios are less likely at this time.
Long
by MyCryptoParadise_Nathan
Read or Regret - Head and Shoulders Pattern Alert for OP/USDT 💎 Paradisers, let's zoom into OP/USDT. On the 1-hour chart, a head and shoulder pattern is taking shape. However, there's a twist: the right shoulder is a tad shorter than the left one. This suggests we might need to see some consolidation before any potential breakdown of the demand and neckline zone at 1.394. 💎 If OP/USDT does break below this zone, our sights are set on potential descents to the demand levels at 1.279 and possibly 1.168. But remember, if the price climbs and surpasses the right shoulder's peak, specifically the 1.575 mark, this pattern might no longer hold water. 💎Stay vigilant and keep those charts close, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
OP Coin 10$ Soon ?Optimism (OPUSDT) is showing signs of a potential bullish trend, suggesting a possible long position opportunity for traders. The cryptocurrency has recently broken through a key resistance level at 3$, with strong volume supporting the upward movement. This breakout indicates that the market sentiment is turning positive, and the uptrend is likely to continue in the coming days. but we are expecting retest in 2.8-2.9 area with possibility of 2.55 Additionally, the Relative Strength Index (RSI) is in the overbought territory, indicating not a favorable buying opportunity for traders for now Opus is a blockchain-based platform that aims to revolutionize the music industry by providing a fair and transparent system for artists to earn royalties and monetize their content. With the growing demand for decentralized and fair systems in various industries, Opus could see increased adoption, which could drive up the value of the OPUSDT token. In terms of support levels, are holding firm, providing a potential entry point for traders looking to go long on OPUSDT. As always, it's important to manage risk and closely monitor market conditions.
Long
by kanhaguptaa
😱 OPUSDT - DO or DIE MomentSorry for the late update about OPUSDT As you can see OP has followed my path and dumped like a shit coin around 1$ and tried some upward movement but failed horribly which i expected. That's why i didn't touch this coin, but holding my short from 2$. Right now OP is at critical stage , from where it can make or break the structure. Although i am bearish with this coin as far as market doesn't make a mega move. Looks like nobody is interested in this project. All eyes are on BTC & ETH. Everything is on chart. If it breaks downwards then it can possibly go till 0.4$ or even 0.2$. But if it tried some upward movement then you can take profit around 1.24$ (chances are less) . Thanks & Hope you like it. Please throw you queries in comment.
by TheProfessorClasses
1