OP broke through!!! Get ready for an ATH!!
my chart here cant be easier to read. its just to show how powerful this OP pump has shown itself to be.
Not only has it persevered and held onto support levels with ease. its managed to break all major resistance levels as an entity of its own. OP has never followed BTC or stocks with much correlation; but this is proof OP has a plan all its own!
$2 OP. feels like this should be the level to short!
A
But i believe OP will take this opportunity to soar as far as it can. Id like to imagine it will hit an ATH before this is over.
THAT BEING SAID, NO FOMO!!
if youre confident, feel free to make an entry one way or the other (long feels right to me). But be prepared for a hefty pullback before it pumps.
Ive found that when a stock or crypto breaks a MAJOR resistance level, it generally pulls back quite aggressively before launching back up. In this case, and with OP being OP, i wouldnt be surprised to see a 10-20% pullback before it makes a move upward to new heights.
And for the sake of anyone who read this...
I DO NOT GIVE FINANCIAL ADVICE! What you do with the information i provide is of your own accord. i hope you find it helpful, and i welcome any feedback and tips.
Not only has it persevered and held onto support levels with ease. its managed to break all major resistance levels as an entity of its own. OP has never followed BTC or stocks with much correlation; but this is proof OP has a plan all its own!
$2 OP. feels like this should be the level to short!
A
But i believe OP will take this opportunity to soar as far as it can. Id like to imagine it will hit an ATH before this is over.
THAT BEING SAID, NO FOMO!!
if youre confident, feel free to make an entry one way or the other (long feels right to me). But be prepared for a hefty pullback before it pumps.
Ive found that when a stock or crypto breaks a MAJOR resistance level, it generally pulls back quite aggressively before launching back up. In this case, and with OP being OP, i wouldnt be surprised to see a 10-20% pullback before it makes a move upward to new heights.
And for the sake of anyone who read this...
I DO NOT GIVE FINANCIAL ADVICE! What you do with the information i provide is of your own accord. i hope you find it helpful, and i welcome any feedback and tips.
Comment:
Updated chart below.
As you can see, we retested back below resistance to support at this key level.
I dont know that i need to say much... the hourly is showing a strong reversal NOW, and the 4 HR will be soon to follow if my thought process is kosher.
but when is the LONG entry?!
NOW!!! (at least for me)
SL below support to be safe.
As you can see, we retested back below resistance to support at this key level.
I dont know that i need to say much... the hourly is showing a strong reversal NOW, and the 4 HR will be soon to follow if my thought process is kosher.
but when is the LONG entry?!
NOW!!! (at least for me)
SL below support to be safe.
Comment:
P.S. i speak a bit too highly of OP and its potential perhaps.
There is a strong chance that this pump will get rejected off the upper trend line, and retest again before continuing to rise.
HOWEVER, id honestly like to believe that the green arrow i provided becomes an accurate representation of what OP can do!! immediately forcing its way through the trend its been following, and soaring up with little to no resistance standing in its way!!!!!!!
THIS is the MOON scenario.
Smarter play is to follow the trend closely and watch for reversals and volume spikes. i also like to utilize the RSI and MFI for confluence.
There is a strong chance that this pump will get rejected off the upper trend line, and retest again before continuing to rise.
HOWEVER, id honestly like to believe that the green arrow i provided becomes an accurate representation of what OP can do!! immediately forcing its way through the trend its been following, and soaring up with little to no resistance standing in its way!!!!!!!
THIS is the MOON scenario.
Smarter play is to follow the trend closely and watch for reversals and volume spikes. i also like to utilize the RSI and MFI for confluence.
Trade active:
just an update to show more accurate fib and support.
i honestly feel this has room to rise. not much in the way of resistance to hold OP back as long as support holds!
just an update to show more accurate fib and support.
i honestly feel this has room to rise. not much in the way of resistance to hold OP back as long as support holds!
Comment:
well, we never quite broke up into new ATH territory, but all is not lost!
as of now, OP has broken short term trend down and is testing the 618 fib level as a strong support.
it hasnt had much of a break up from this level, and my gut tells me its looking to take a leg down before tearing back upwards
chart here shows shorter TF trend line and proper fib level support.
as of now, OP has broken short term trend down and is testing the 618 fib level as a strong support.
it hasnt had much of a break up from this level, and my gut tells me its looking to take a leg down before tearing back upwards
chart here shows shorter TF trend line and proper fib level support.
Comment:
im sorry, i meant to say it broke the shorter TF trend UP and has retested the 618 fib multiple times. It still has potential to bounce up and start a nice run. but with this many retests without a strong bounce, i expect we could be seeing a leg down.
i will be waiting for the breakout in either direction before setting an entry!
i will be waiting for the breakout in either direction before setting an entry!
follow the waves
i promise another OPportunity will present itself sooner than later!
im aiming as high as $3 on this run.