OP/USDT 4 Hour's timeframe trading siginal.

The chart shows a potential price action pattern for OP/USDT on the 4-hour timeframe. Here’s the trading signal based on the analysis:

Downtrend Channel 📉: The price has been trading within a downward channel but has found a Support Area around 1.55 - 1.60 USDT. The RSI shows bullish divergence 📈, indicating the momentum could shift upward.

Breakout Potential 🚀: The price has now broken out of the descending channel, signaling a possible upward move.

Targets 🎯:

First resistance at 1.70 USDT.

Next at 1.84 USDT.

Final target near 1.99 USDT.

Strategy:

Entry: Around the current price (1.59 USDT) or at a retest of the 1.60 USDT support level.

Stop Loss: Set below 1.55 USDT to manage risk 🔻.

Take Profit: Stagger exits at 1.70 USDT, 1.84 USDT, and 1.99 USDT 📈.

RSI: Currently at 43.91, rising from oversold levels, supporting the bullish outlook 🔄.

This could be a favorable setup for a long position 🟢 with strong risk management in place.