$OP broke above its 90-day high (0.1516) on increased volume. Trading value was 2.3 times the 20-day average, and the current price is 0.1583.
A breakout accompanied by increased volume often means buyers are willing to trade at higher prices, while selling pressure from holders trapped near the previous high is being absorbed.
Watch for two signs of confirmation: the daily candle closes above 0.1516; and a pullback holds above this level, turning the previous high into support.
#OP
A breakout accompanied by increased volume often means buyers are willing to trade at higher prices, while selling pressure from holders trapped near the previous high is being absorbed.
Watch for two signs of confirmation: the daily candle closes above 0.1516; and a pullback holds above this level, turning the previous high into support.
#OP