$OP/USDT LONG Leverage: 5-10x TARGETS: ✅0.724 Profit: 15. | Bhavesh 07 on Binance Square

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Bullish

$OP/USDT LONGLeverage: 5-10x
TARGETS: 
✅0.724
Profit: 15.5% (10X)🥂🔥
➖➖➖➖➖
📊How to Enter a Trade
#BinanceAlphaAlert 

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ORDI analysis: The price has broken out of the falling wedge pattern and surpassed the local resistance area. It is currently retesting this level, and if it can maintain its position above it, we could see a move toward the major resistance area. However, opening a long position at this point carries some risk because Bitcoin is at resistance. If we experience a rejection, alts may suffer further losses. Local Support Area: $7.80-$8.10 Major Resistance Area: $10.30-$10.80 #BinanceAlphaAlert

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🪙 #BTC CQ: BTC's correlation with the S&P 500 reached 0.88 at the end of 2024 and has now fallen to 0.77. The correlation with the Nasdaq Composite has fallen from January's 0.91 to the current 0.83. Interestingly, BTC's correlation with gold is rising, increasing from a coefficient of -0.62 at the beginning of the month to the current -0.31. If the correlation continues, gold could act as a leading indicator for BTC. 🔥 Top trading platforms! ⬇️ 🔥 Binance

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Buying $ME here! #Megadrop

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LESSON 190 What are derivatives in the crypto market and how do they work? Derivatives are financial instruments whose value depends on the underlying asset (for example, BTC). The main types of derivatives in crypto are: Futures - an agreement to buy/sell an asset in the future. Options - the right, but not the obligation, to buy/sell at a certain price. Swaps - an exchange of one asset for another under certain conditions. Derivatives provide an opportunity to earn on volatility, but they are high-risk and require understanding of the market.#BTCvsMarkets

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💰 #ARB continues to build on growth According to my past forecast on Arbitrum, the price has risen. In doing so, the growth is accelerating. We can observe a typical downtrend break 📉. It consists in the fact that the price has simultaneously broken the trend line, under which the decline took place, as well as the nearest resistance level. In this case, it is expressed in the breakdown and the beginning of the "bullish wedge" and "bullish divergence". The resistance level here was ~$0.31. In the coming months I expect Arbitrum and similar alts to recover 🪙 👑#ARB 🔥 Top trading platforms! ⬇️ binance

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