Here is your professional and structured technical analysis post for this chart:
$OP USDT – BULLS ATTEMPTING TO RECLAIM ABOVE MA60 🐂
$OP is currently trading at 0.574, slightly below its MA60 (0.575), showing a +3.24% gain today. The price is consolidating near this resistance, and a breakout above could trigger further upside momentum.
Trade Setup (Long):
Entry: 0.575 – 0.578
Targets: 0.585, 0.595
Stop Loss: 0.568
🔍 Market Outlook:
Price is showing buyer interest but facing resistance at MA60. If it closes and sustains above 0.575 with volume support, bulls can take charge and push it towards 0.595 intraday.
📊 Risk Management:
Always use defined stop losses below key supports to protect capital against quick reversals in volatile market conditions.
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buy and trade here on $OP
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