$OP/USDT 8h (#Bybit) Falling wedge breakout and retest
⚡️⚡️ #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: @TradingOn
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: www.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: @TradingOn
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: www.optimism.io/
Contract:
#Mainnet
Operación activa:
All entries filled and up to +13.02% profit so far
Optimism got rejected by 100EMA as planned and seems to be heading towards first target!
Optimism got rejected by 100EMA as planned and seems to be heading towards first target!
Operación cerrada: precio stop alcanzado:
SL hit with -17.71% (1x) and -1R
Optimism 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!
Optimism 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!
Operación cerrada: objetivo alcanzado:
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.
Optimism went for the bearish scenario in the end, we've got fooled by that fake-out/stop-hunt.
