🔥 $OP — A MASSIVE FALLING WEDGE BREAKOUT COULD BE APPROACHING!
$OP is trading around $0.1106, compressing inside a long-term falling wedge while holding near its major weekly demand zone.
🟢 DEMAND & ACCUMULATION ZONES
$0.0800–$0.0950 — Major Weekly Demand
$0.0700 — Structural Invalidation
🔴 RESISTANCE & UPSIDE TARGETS
$0.1500–$0.1800 — Immediate Breakout Zone
$0.5000–$0.8000 — Major Macro Targets
What I'm Watching:
Price is approaching the apex of this multi-year falling wedge, suggesting that selling pressure may be weakening.
A liquidity sweep into $0.0800–$0.0950 could create an interesting higher-timeframe accumulation opportunity.
However, I want to see a confirmed breakout and weekly close above the upper trendline around $0.1500–$0.1800 before calling it a major market structure shift. This could open the path toward $0.5000 and potentially $0.8000+.
A weekly close below $0.0700 would invalidate the bullish wedge setup.
Manage risk properly.
Trade Here 👇🏻
$OP is trading around $0.1106, compressing inside a long-term falling wedge while holding near its major weekly demand zone.
🟢 DEMAND & ACCUMULATION ZONES
$0.0800–$0.0950 — Major Weekly Demand
$0.0700 — Structural Invalidation
🔴 RESISTANCE & UPSIDE TARGETS
$0.1500–$0.1800 — Immediate Breakout Zone
$0.5000–$0.8000 — Major Macro Targets
What I'm Watching:
Price is approaching the apex of this multi-year falling wedge, suggesting that selling pressure may be weakening.
A liquidity sweep into $0.0800–$0.0950 could create an interesting higher-timeframe accumulation opportunity.
However, I want to see a confirmed breakout and weekly close above the upper trendline around $0.1500–$0.1800 before calling it a major market structure shift. This could open the path toward $0.5000 and potentially $0.8000+.
A weekly close below $0.0700 would invalidate the bullish wedge setup.
Manage risk properly.
Trade Here 👇🏻
