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🧠 $OP Testing Support — Time for a Bounce or Breakdown?

📍 Current Price: $0.5848
📉 24H Change: Slightly down — market cooling
🔎 Category: L2 / Ethereum ecosystem

📈 Buy Setup – Support Bounce Strategy

Entry Zone: $0.575 – $0.585 ✅

Take Profit Targets:

TP1: $0.615

TP2: $0.648

TP3: $0.685

Stop Loss: $0.559
🧠 Look for candle confirmation or double bottom near $0.58 for entry.

🔻 Short Setup – Breakdown Risk Below Support

Entry Zone: $0.600 – $0.615 (if rejected)

Targets:

TP1: $0.565

TP2: $0.540

SL: $0.625
⚠️ Use only if volume drops and price fails to reclaim $0.60.

📊 Technical Structure:

Support Zone: $0.56 – $0.58

Resistance Zone: $0.615 – $0.65

Trend Bias: Bearish → Neutral

Volume: Low to medium — no breakout yet

Indicators:

RSI near oversold

MACD flattening — prepping for move

📌 Final View:

OP is sitting on a crucial support zone. If buyers defend the $0.58 level, a quick move toward $0.615–$0.65 is possible. But if it slips below $0.559 with volume, we may see extended downside toward $0.52.

📈 Bullish above: $0.585
📉 Bearish below: $0.559
⚠️ Risk Level: Medium-High — wait for confirmation


#OP #Optimisim #op/usdt