#optechnicaloutlook
optechnicaloutlook
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🚨 #OPTechnicalOutlook 📉
$OP is showing a potential inverse cup & handle pattern on the 4H chart, keeping the short-term bias bearish.
📊 Price remains below the 9 EMA and 50 SMA, indicating sellers still have the upper hand.
⚠️ A confirmed breakdown of the handle support could open the door for another move lower. Wait for confirmation before considering a trade.
$OP #Optimism #TechnicalAnalysis #BinanceSquare 📉
$OP is showing a potential inverse cup & handle pattern on the 4H chart, keeping the short-term bias bearish.
📊 Price remains below the 9 EMA and 50 SMA, indicating sellers still have the upper hand.
⚠️ A confirmed breakdown of the handle support could open the door for another move lower. Wait for confirmation before considering a trade.
$OP #Optimism #TechnicalAnalysis #BinanceSquare 📉
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