📉 EMERGENCY SHORT ALERT: #OPUSDT
🚨 Trade Analysis:
- Short position initiated on OP Coin (OPUSDT) from $3.3538.
- Protective stop loss set at $3.3815.
📊 Technical Observations:
- The OP token is exhibiting a bearish pattern, characterized by descending edges beneath an inclined line.
- Daily trading volume has surged.
- Notable horizontal support levels have formed, suggesting the potential for a liquidity pool.
- Anticipating consolidation above these levels before a resumption of the downward trend.
🎯 Trade Targets:
- Targeting lower support levels, with an expectation of a continued downward movement.
🔍 Trade Duration:
- Short-term trade outlook.
🛑 Risk Management:
- Tight risk control with a stop loss at $3.3815.
📈 Trade Strategy:
- Positioned for potential downside movement based on technical analysis.
💡 Note:
- Stay vigilant for price action developments and consider adjusting positions based on market dynamics.
- This is not financial advice; perform your own analysis before trading.
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