$OP
is approaching an important resistance zone at the upper edge of the descending channel pattern on the daily frame.
The price is giving strong signals right at the resistance zone, indicating a high probability of a breakout in the near future.
If the breakout is successful, $OP could enter an acceleration phase with a large range, potential targets:
Target 1: $0.80
Target 2: $0.93
Target 3: $1.18
Target 4: $1.61
Target 5: $2.13
Proposed Strategy:
Entry Zone: around the breakout area, prioritize when there is a daily candle closing above the channel
Stoploss: below the nearest low
Manage capital carefully, can scale in according to price movements
This is a critical time to monitor $OP. If the pattern breaks successfully, a growth surge of up to 200% could completely occur.
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