$OP : Weak Rebound After Sharp Drop — Caution Ahead
OP has dropped over 4% and is now struggling to recover after falling below key support near $0.740. The bounce around $0.720 appears weak, with lower highs forming on the chart, indicating a possible continuation of the downtrend. Unless the price breaks above $0.740 with strong volume, downside pressure is likely to persist.
Trade Setup (Short):
Entry Zone: $0.726 – $0.730
Stop Loss: Above $0.742
Target 1: $0.710
Target 2: $0.695
Target 3: $0.680
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