#OPUSDT Ready to launch upwards

May 18

#OP

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.

The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.

There is a key support zone (in green) at 0.1178, and the price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 0.1267
First Target: 0.1292
Second Target: 0.1321
Third Target: 0.1356

You can stop at the first and second targets and close below them, or continue towards the third target. Stop Loss: At the resistance zone (in green).

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.

May 22

Trade closed: target reached

#OP
First Target: 0.1292 Reached
Second Target: 0.1321 Reached
Third Target: 0.1356 Reached