Patrick2707

OP short scalp - fundamental analysis

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BYBIT:OPUSDT.P   OPUSDT Perpetual Contract
For further confluence with the newest OP short scalp idea (idea linked).

We are currently trading in a big range.

HTF range high is 1.6965$
HTF range low is 1.5860$
Mid range stands around 1.6350$ and is considered as the current range high for the 15min trade idea.

Blue box represents the deviation of the mid range
Black box represents the accumulation before the break out to the top side. Orders are resting there and will be targeted on the long term.

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