$OP Alert: Pullback or Bounce? Hereโs What the Chart Says๐ค๐๐
Current Price: $0.730
Timeframes Analyzed: 15m, 1h, 3m.
RSI: Bouncing near oversold zone
Bollinger Bands: Price is pushing toward the middle band, indicating possible volatility expansion
Chart Observations:๐๐
A minor up-move seen from the $0.716 low after a sharp downtrend.
Bollinger Bands are tightening, hinting at an upcoming move.
Stochastic RSI on 15m & 3m is showing bullish crossoverโmomentum shift.
In the 1h chart, price is testing the lower band and may retrace toward $0.744โ$0.751 if it breaks resistance at $0.737.
Strategy Plan:๐จโ๐ซ
Entry: $0.720โ$0.725โ
Target Zone: $0.744 โ $0.751๐ฏ
Stop-Loss: $0.710โฃ๏ธ
Trade Duration: 4โ8 hours (short-term bounce play)โ
Why Bullish? ๐ค๐ฅ
Bullish RSI crossover, price at support, potential bounce setup forming inside Bollinger Band base.
Global Sentiment:๐
Market slightly cautious, but short-term recovery signs visible in altcoins like $OP due to BTC stabilization.
๐จโโค๏ธโ๐จโDonโt chase the hypeโrespect support, follow momentum, and secure profits.โ
Disclaimer:โ ๏ธ
This is not financial advice. Trade at your own risk and always use stop-loss.