OPUSDT Perpetual Contract
Short

OP short - swing trade (update)

87
OP pushed up higher at the end of day yesterday... to scare and take out the liquidity of the late shooters.

OP pushed up to a high of 1.5919 and our stop was not taken and correctly set the line in the sand 1.5925 - as expected.

What is next...

Taken a little off my position to be able to add IF pa decides to give in faster than expected.
For the time being the plan remains the same and you can enjoy the profit ride.

TP 1.40
TP 1.35
TP 1.20

Good to note the DXY keeps on pushing higher for the time being - confirming a possible short term top for crypto, indices, stocks etc.

Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.

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