$OP /USDT Short Trade Setup (Binance)

$OP has dropped significantly to $0.556 (-8.25%) after failing to hold the $0.600–$0.618 resistance zone. With bearish pressure continuing and a breakdown below intraday supports, this setup provides a clean short opportunity if weakness sustains.

Entry (Short):

$0.556 – current price level, showing breakdown below 4h support

Stop Loss:

$0.572 – above recent bounce zone and minor resistance

Take Profit Targets:

• TP1: $0.530 – short-term support and reaction zone

• TP2: $0.505 – previous consolidation area

• TP3: $0.475 – potential full retracement if bearish continuation unfolds

Analysis:

OP has broken key mid-range support with increasing volume on the downside and no bullish reaction near the 24h low ($0.545). The 4H chart shows a clean lower-high structure forming under $0.600, and unless bulls reclaim this level quickly, sellers are likely to dominate. This short setup offers favorable reward-to-risk, especially if altcoin sentiment continues to weaken.

Risk Note:

Exit early if OP reclaims $0.575 on 1H close with bullish volume.

Summary:

Short OP/USDT from $0.556

• SL: $0.572

• TP1: $0.530

• TP2: $0.505

• TP3: $0.475

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