$OP/USDT 12h (#Bybit) Small falling wedge breakout

Mar 7, 2023

Optimism looks locally bullish and could bounce back on 100EMA support, towards previously broken levels.

⚡️⚡️ #OP/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.5%

Current Price:
2.4351

Entry Zone:
2.4351 - 2.2651

Take-Profit Targets:
1) 2.7689
2) 3.0840
3) 3.3993

Stop Targets:
1) 1.9998

Published By: @Zblaba

OP #OPUSDT #Optimism #L2

Mar 7, 2023

Note

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +53.5% | +93.7% | +133.9%
Possible Loss= -44.7%
Estimated Gaintime= 3-4 weeks

Mar 7, 2023

Trade active

2/3 entries filled

Mar 8, 2023

Trade active

All entries filled now

Optimism dipped into demand zone, let's hope it will bounce next 🤞🏼

Mar 11, 2023

Trade closed: stop reached

🛑SL hit with -44.7% (3x) and -1R

Optimism got a similar outcome, but bounced on Fib 0.618 instead.

OP #OPUSDT #L2

Mar 20, 2023

Note

Back on track

Optimism recovered very nicely, would have been a great timing to long it back down there, well done if you did!