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OPUSDT trade ideas

Optimism is determined to conquer the heights! $OPEverything here is beautiful! From technical analysis to blockchain analysis. I can see us moving in a parallel channel, where when combined with fibonacci we come to the 1.618 level right to the upper limits of this price channel. I would expect a value low in the area of $3.5 per coin with the most positive scenario expecting $7.1 per coin. I see the presence of a number of prominent Market Makers in the blockchain, but I don't like the contingent that holds this asset. Perhaps over time people will become disillusioned with the L2 range and sell their coins to a Marketmaker. Thus setting the stage for a hands free flight! Best wishes, Horban brothers!
Long
by horbanbrothers
Optimisim Swing Long Idea - OP COIN LONGPrice has run the monthly liquidity, creating upward momentum and breaking the weekly bearish trend. Recently, we broke the bearish trendline that had been driving the bearish movement since Spring 2024. The price closed above the trendline, retested it, and then rejected strongly. Currently, the price is moving impulsively upward as ETH gains bullish momentum. I’ll be looking to open long positions within the weekly demand zone marked on the chart. I don’t expect another retest of the trendline, as we’ve already retested it and seen a solid rejection. I’ll seek LTF confirmations before engaging with the price. Stop-loss: Daily close below $1.27 Target 1: $3.04 Target 2: $4.05
Long
by UA_CAPITAL
4
OP / UsdtBINANCE:OPUSDT NASDAQ:OP / USDT: Clean bullish breakout on the daily chart! 📈 We've seen a bullish breakout that suggests strong upward momentum. Now, I'm waiting for the retest of the breakout area before considering an entry. This is a classic move that often provides a great buying opportunity for those who are patient! ⏳ I believe there’s a solid chance for a long position around the $1.980 - $1.950 support zone. This area has shown strong support in the past and could be the perfect spot for entering a trade. 💣 Once we see a confirmation of the retest and a potential bounce off this level, it could be go time! 🚦 Looking higher, the upper key resistance zone is around $2.650 - $2.700. This will be a critical zone to watch, as a breakout above this could signal an even stronger rally. 🚀 Pump potential: I’m eyeing a potential +/- 30% move if the breakout continues to play out as expected! 📈💥 See you in a few days! Let’s keep an eye on how the price behaves around those key levels! 👀 Remember, this is not financial advice. 🙅‍♂️📊 Always do your own research before making any trading decisions.
Long
by Wolftrader1337
2
#OP double bottom structure 📊#OP double bottom structure 🚀 🧠From a structural perspective, we have a bullish double bottom structure constructed within the daily level buy zone, and therefore we are about to start a new uptrend. ➡️At present, we have reached the staged resistance zone, and it is reasonable to fall back after being blocked, so we have also made simultaneous reductions here. The neckline support zone below will be an area worthy of our attention, if such a callback occurs. . Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BITGET:OPUSDT
Long
by wolf_king888
OPUSDTPOP price action has played within a descending channel for 115 days now. Twice has it tried to break out of it to the upside, with failure as sellers promptly send price crashing to the floor of the channel the 1st time, and an adjacent support trendline the second time. However, there have been 2 wicked breakouts to the downside, suggesting a demand liquidity pool that has been induced but not mitigated just yet. With BTC likely to test the 15k and 14ks to tap demand liquidity, I expect OP to drop in for a liquidity tap as well, buoyed by the support right there (so pA does't fall off), and then a subsequent retest of the strong resistance at $1.4. My money is on bulls flipping that resistance to support this 3rd time of asking, for price to go on to test the $2.2 ATH region and likely, price discovery.
Long
by KayKayKay2021
Alikze »» OP | Ascending channel🔍 Technical analysis: Ascending channel - In continuation of the analysis presented in the previous post, after dealing with the descending channel, it was corrected for a while. which led to the completion of correction leg C. Finally, the modification leg in the range of PRZ-1 met with demand. - Currently, it is moving in a short-term ascending channel. - Due to the exit from the medium-term downward channel and pullback to it, an upward trend has been formed. - Therefore, I expect it to move upward in this channel and continue its growth until the supply range. 💎 Alternative scenario: If it does not have the ability to exit the golden zone and faces the weakness of the trend, the correction can continue until the origin of the movement. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:OPUSDT
Long
by alikze