⚡️⚡️ #OP/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (1.0X)
Amount: 11.3%
Current Price:
1.1450
Entry Zone:
1.1640 - 1.2860
Take-Profit Targets:
1) 0.9540
2) 0.7810
3) 0.5850
Stop Targets:
1) 1.4420
Published By: @Zblaba
Optimism seems to have broken out bullish, but still below 100EMA which acts as strong resistance!
We expect a reversal on supply zone, leading to a pull-back towards the end of the wedge, where we'd look for long down there.
Risk/Reward= 1:1.25 | 1:2.05 | 1:2.95
Expected Profit= +22.12% | +36.24% | +52.24%
Possible Loss= -17.71%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2-3 weeks
Tags: #OPUSDT #L2 #Blockchain #Governance #DApp #DeFi
Website: optimism.io/
Contract:
#Mainnet
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (1.0X)
Amount: 11.3%
Current Price:
1.1450
Entry Zone:
1.1640 - 1.2860
Take-Profit Targets:
1) 0.9540
2) 0.7810
3) 0.5850
Stop Targets:
1) 1.4420
Published By: @Zblaba
Optimism seems to have broken out bullish, but still below 100EMA which acts as strong resistance!
We expect a reversal on supply zone, leading to a pull-back towards the end of the wedge, where we'd look for long down there.
Risk/Reward= 1:1.25 | 1:2.05 | 1:2.95
Expected Profit= +22.12% | +36.24% | +52.24%
Possible Loss= -17.71%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2-3 weeks
Tags: #OPUSDT #L2 #Blockchain #Governance #DApp #DeFi
Website: optimism.io/
Contract:
#Mainnet
Trade active
All entries filled and up to +13.02% profit so farOptimism got rejected by 100EMA as planned and seems to be heading towards first target!
Trade closed: stop reached
SL hit with -17.71% (1x) and -1ROptimism regained 100EMA after all and seems to have confirmed the bullish breakout.
Switching to long from here looks tricky, we'll wait for a pull-back to demand zone first!
Trade closed: target reached
TP1'd have been reached with up tp +27.55%Optimism went for the bearish scenario in the end, we've got fooled by that fake-out/stop-hunt.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.