$OP
Bullish structure intact but overbought short term, better entry comes on the retrace
Long $OP
Entry: 0.108-0.110
SL: 0.104
TP1: 0.1142
TP2: 0.120
TP3: 0.126
OP broke out of the 0.097-0.103 chop zone with rising volume on the breakout candles which shows real intent. StochRSI at 86 means it's a bit ahead of itself right now though, so jumping in at current price isn't ideal. Waiting for a pullback into the old resistance zone gives a much better risk to reward while the bigger trend stays up.
Bullish structure intact but overbought short term, better entry comes on the retrace
Long $OP
Entry: 0.108-0.110
SL: 0.104
TP1: 0.1142
TP2: 0.120
TP3: 0.126
OP broke out of the 0.097-0.103 chop zone with rising volume on the breakout candles which shows real intent. StochRSI at 86 means it's a bit ahead of itself right now though, so jumping in at current price isn't ideal. Waiting for a pullback into the old resistance zone gives a much better risk to reward while the bigger trend stays up.