#OP
$OP is back at the 0.108–0.111 zone, and this area is getting interesting again. It was strong support back in May-June before the breakdown. Price lost it, fell to 0.068, recovered, and now we’re testing the same zone from below around 0.1109.
The main thing I’m watching is 0.113. If OP gets a clean 4H close above it, I’d consider that a real sign the zone is flipping back into support. Then 0.14 and 0.18 come into focus.
Until that happens, though, this is still resistance. I wouldn’t chase the move here.
$OP is back at the 0.108–0.111 zone, and this area is getting interesting again. It was strong support back in May-June before the breakdown. Price lost it, fell to 0.068, recovered, and now we’re testing the same zone from below around 0.1109.
The main thing I’m watching is 0.113. If OP gets a clean 4H close above it, I’d consider that a real sign the zone is flipping back into support. Then 0.14 and 0.18 come into focus.
Until that happens, though, this is still resistance. I wouldn’t chase the move here.
