MyCryptoParadise_Nathan

OP/USDT Break Alert! It shows will retesting before continue UP!

BINANCE:OPUSDT   OP / TetherUS
πŸ’Ž Paradisers, #OP is indeed a coin worth monitoring closely.

πŸ’Ž It's currently poised for a potential retest of the LTF demand zone around $2.47 after encountering resistance at the OB- area around $3.04. Notably, the chart already indicates a breakout from the descending channel, which is a positive sign.

πŸ’Ž If OP successfully bounces from the LTF demand area, it could signal upward movement, contingent upon breaking through the OB- area to reach our next target strong resistance zone.

πŸ’Ž However, if OP fails to bounce from the demand zone and breaks below it, we might see continued downward movement with a retracement to the support area. The last time OP reached the support area around $2, it exhibited significant bouncing and recovery, suggesting a similar pattern could unfold if it revisits this level.

πŸ’Ž The bullish invalidation would be confirmed if OP fails to bounce at the support and the daily candle closes below the $1.86 support area. In such a scenario, the price would revert to a bearish trend and continue downward.

MyCryptoParadise
iFeel the success🌴

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?

JOIN FREEπŸ‘‰ t.me/+IaNzEzXsdiBlNDg0

πŸŽ–οΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals πŸ‘‰ shorturl.at/ikpAV
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.