Trading OP Ideas
Everyone may be familiar with this coin as well. I first bought it at 1.9 when trading spot, and it repeatedly approached the position around 2.5. I didn't consider trading its contracts before because I felt the time was too slow. I just checked and saw that the current highest is above 2.59, with a resistance level at 2.62. The position is currently quite high. From the Fibonacci retracement perspective, it is now at a high-pressure position. If it is to break through the 2.62 resistance level, then its oscillation area should be between 2.5-2.55. It is evident that every time it comes up, it basically goes down, and this is also the highest position during the recent surge. Moreover, looking at the hourly chart, there have been two consecutive spikes above. Everyone can feel free to short. Without further ado, let’s get straight to the point. $OP
2.56-2.57 Short
2.63 Stop Loss (to prevent spikes)
2.2 Take Profit
Buckle up, let’s get started, brothers!