OPG spiked hard, then gave it all back — and that fade is the whole story.
$OPG is at $0.1344, up 5.9% in 24 hours, but look at the range: it touched $0.1641 and then slid back down. The last few hours went $0.143, $0.135, $0.134. The spike buyers are gone.
Levels I am watching:
• Support: $0.1258 (the 24-hour low)
• Resistance: $0.1641 (the spike high)
• Trigger: reclaiming $0.142, where the fade started
• Invalidation: losing $0.1258
Volume is $10.4M, so people are watching this one. But a spike that fades 18% from its high tells me the move had no follow-through — yet.
If it holds $0.126 and takes back $0.142, the story changes. Until then, I am careful.
Not financial advice. Do you trade spike-and-fade coins, or stay away?
#OPG #Crypto #Binance
$OPG is at $0.1344, up 5.9% in 24 hours, but look at the range: it touched $0.1641 and then slid back down. The last few hours went $0.143, $0.135, $0.134. The spike buyers are gone.
Levels I am watching:
• Support: $0.1258 (the 24-hour low)
• Resistance: $0.1641 (the spike high)
• Trigger: reclaiming $0.142, where the fade started
• Invalidation: losing $0.1258
Volume is $10.4M, so people are watching this one. But a spike that fades 18% from its high tells me the move had no follow-through — yet.
If it holds $0.126 and takes back $0.142, the story changes. Until then, I am careful.
Not financial advice. Do you trade spike-and-fade coins, or stay away?
#OPG #Crypto #Binance