TRADE ALERT! OP
Ticker: OP/USDT
Entry:2.75-2.56
Take Profit:3.00-3.5
Stop Loss: 2.2063
Risk to reward: 1:2
Technical Thesis:Wait for Pullback
Keep an eye on 0.5 fib zone to 0.618 fib zone For proper reversal zone, (2.75$ to 2.56$) can be good pick,You can open a low lev long here.
Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 80 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target.
4h time frame
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OP created a double bottom and retested with a triangle structure. OP is still consolidating in this triangle, which could be a potential continuation structure and help us to set up a trading plan. Target will be estimated from double bottom and the triangle.
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TP: 2.41
SL: 1.523
OPUSD is on a stellar rise within a Channel Up that is supported by the 1D MA50 and very balanced bullish technicals on the 1D timeframe (RSI = 63.931, MACD = 0.054, ADX = 31.710). The 1D MACD shows significant upside potential and we will take this opportunity to buy and target the LH trendline (TP = 1.8000).
The Resistance Zone is between R1 (1.87500) and the...
