$OP
OP/USDT Update 🟠
Still waiting for either of the two scenarios to unfold.
Currently, the price is below the descending trend line and below the key resistance area. The structure remains bearish until we reclaim that area.
Two scenarios:
1️⃣ Breakout and reversal to long
If the price breaks above the trend line and reclaims the 0.3660–0.3685 range, then I will look for opportunities to go long, targeting a return to the 0.3770 area.
2️⃣ Breakdown to short
If the price is rejected here and loses support around 0.3590–0.3600, then I will look for opportunities to sell for continuation.
OP/USDT Update 🟠
Still waiting for either of the two scenarios to unfold.
Currently, the price is below the descending trend line and below the key resistance area. The structure remains bearish until we reclaim that area.
Two scenarios:
1️⃣ Breakout and reversal to long
If the price breaks above the trend line and reclaims the 0.3660–0.3685 range, then I will look for opportunities to go long, targeting a return to the 0.3770 area.
2️⃣ Breakdown to short
If the price is rejected here and loses support around 0.3590–0.3600, then I will look for opportunities to sell for continuation.
