Technical analysis by Patrick2707 about Symbol OP: Sell recommendation (5/14/2024)

Been short on OP for some time for a swing trade. Entry 2.5423 TP 2.2340 SL 2.668 Looking to see IF we continue lower from this point on. Taken some off as we are around a daily OB (red line) and will let some ride. Stops moved to breakeven and will keep an occasional eye on how we go from here. As you can see the weekly FVG (yellow box) gave a lot of opportunities for some nice short entries. Taken the trade in correlation with BTC currently not doing much and trading around the lows of its current range. 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.