optimism 8h accumulation best level buy/hold 300% gains

14 Apr 2023

🔸Hello guys, today let's review 8hour price chart for OPUSD. nice gains recently off the range
lows, also trading near ATH, which is also bullish catalyst for future gains. Short-term more
gains possible to re-test premium levels, however also expecting a pullback, since accumulation
is not complete yet and we are not ready for take off.

🔸Active trading range is defined by range lows at 2.15 usd and range highs at 2.85 usd.
Premium prices / resistances / supports set at 3.00 usd / 3.25 usd and 1.90 / 2.00 usd.

🔸Recommended strategy bulls: the overall outlook is bullish and we are in the active
accumulation stage since February, however good things take time. Expecting pullback later
after we hit strong overhead resistances near range highs. Don't get caught up in pullback
and be ready to buy/hold low later near 2.00 USD in May/June 2023. Conservative target
for the bulls is 6.00 USD, which is 300% gains off the range lows. good luck traders!

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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.