#OPUSDT may continue its trend after correction

Mar 29

#OP

The price is moving within an ascending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key resistance zone in green at 0.1100, which the price has bounced off several times, making it a strong support level.

A consolidation trend is observed below the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 0.1025
Target 1: 0.1000
Target 2: 0.0982
Target 3: 0.0961

Stop Loss: At the resistance zone in green.

Remember this simple rule: Manage your money wisely.

For any questions, please leave a comment.

Thank you.

Jun 6

Trade closed: target reached

#OP
Target 1: 0.1000 Reached
Target 2: 0.0982 Reached
Target 3: 0.0961 Reached