OPUSDT is testing the demand zone
OPUSDT is testing a key level around the $2.1 area, where there is a significant demand zone. This means that there is a high level of buying interest from traders at this price level, which could potentially lead to a price increase if the demand holds.
In order for the price of OPUSDT to continue to move higher, it needs to create a breakout from both dynamic and static resistance levels. This would indicate that the buying pressure is strong enough to overcome the selling pressure and push the price higher.
Once the breakout occurs, it's important for the price of OPUSDT to retest the resistance level as new support. This would confirm that the breakout was successful and provide a strong foundation for a new long position.
Traders looking to enter a long position on OPUSDT should be targeting the $2.5 area as the next resistance level
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Follow the Shrimp 🦐
Keep in mind.
In order for the price of OPUSDT to continue to move higher, it needs to create a breakout from both dynamic and static resistance levels. This would indicate that the buying pressure is strong enough to overcome the selling pressure and push the price higher.
Once the breakout occurs, it's important for the price of OPUSDT to retest the resistance level as new support. This would confirm that the breakout was successful and provide a strong foundation for a new long position.
Traders looking to enter a long position on OPUSDT should be targeting the $2.5 area as the next resistance level
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
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