OP is continuing its downfall since our last OP trade call.
Similarly to BTC and the alt coins OP has retested the highs of its range and currently on the elevator down.
Highs sitting around 1.41$ have been deviated to perfection (as witnessed with the red line and the black order block). All longs are trapped and currently holding on to losing positions.
Expecting a retest of 1.1550$ for now --> coinciding mid range
Personally on the sideline and in no trade.
------ STUDY THE BTC RANGES AND THEIR PA FOR DIRECTIONAL BIAS ------
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
Similarly to BTC and the alt coins OP has retested the highs of its range and currently on the elevator down.
Highs sitting around 1.41$ have been deviated to perfection (as witnessed with the red line and the black order block). All longs are trapped and currently holding on to losing positions.
Expecting a retest of 1.1550$ for now --> coinciding mid range
Personally on the sideline and in no trade.
------ STUDY THE BTC RANGES AND THEIR PA FOR DIRECTIONAL BIAS ------
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
