📉 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.

👍 Like this post if you find the analysis helpful. Stay tuned for more timely alerts and market insights. 🚀📊 #BTC #XAI #Launchpool

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