$OP : Loses Key Demand Zone: Next Support Level Unprotected
SHORT SETUP OP
Entry: $0.14380 - $0.14410
Stop Loss: $0.14910
Take Profit: $0.13365 (2R)
Key Levels: Support $0.12130 | Resistance $0.14410
Technical Analysis for $OP : OP sits at its 1hour resistance 0.1441, with RSI 84.7 and Stoch 99 showing overbought pressure. Sellside orderbook imbalance (18 %) and extreme overbought suggest a pullback to 0.1348 support. Short entry 0.14380.1441, SL ~0.1491, TP ~0.1337 (2R). Risk invalidates if price breaks above 0.1450. SHORT bias targets continuation toward support, with resistance as the invalidation level.
Market Context: BTC is up 0.76 % over 24 h, market breadth is broadly positive with 81.5 % green assets.
SHORT $OP
SHORT SETUP OP
Entry: $0.14380 - $0.14410
Stop Loss: $0.14910
Take Profit: $0.13365 (2R)
Key Levels: Support $0.12130 | Resistance $0.14410
Technical Analysis for $OP : OP sits at its 1hour resistance 0.1441, with RSI 84.7 and Stoch 99 showing overbought pressure. Sellside orderbook imbalance (18 %) and extreme overbought suggest a pullback to 0.1348 support. Short entry 0.14380.1441, SL ~0.1491, TP ~0.1337 (2R). Risk invalidates if price breaks above 0.1450. SHORT bias targets continuation toward support, with resistance as the invalidation level.
Market Context: BTC is up 0.76 % over 24 h, market breadth is broadly positive with 81.5 % green assets.
SHORT $OP