Technical analysis by Patrick2707 about Symbol OP: Sell recommendation (5/16/2024)

Here is a quick update on the OP short swing trade. Entry 2.5423 TP 2.2340 SL 2.668 Taken most of my profits at 2.2750 and taken out in profits. Good enough of a move for me and content with what the market gave me. Not always necessary to hold positions...taking PROFIT and RISK MANAGEMENT are key. Will keep an eye on how we trade from here in correlation with BTC. As always keep referring to the overall MARKET and BTC as it remains the main directional bias for the crypto market. 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.