๐ง $OP Testing Support โ Time for a Bounce or Breakdown?
๐ Current Price: $0.5848
๐ 24H Change: Slightly down โ market cooling
๐ Category: L2 / Ethereum ecosystem
๐ Buy Setup โ Support Bounce Strategy
Entry Zone: $0.575 โ $0.585 โ
Take Profit Targets:
TP1: $0.615
TP2: $0.648
TP3: $0.685
Stop Loss: $0.559
๐ง Look for candle confirmation or double bottom near $0.58 for entry.
๐ป Short Setup โ Breakdown Risk Below Support
Entry Zone: $0.600 โ $0.615 (if rejected)
Targets:
TP1: $0.565
TP2: $0.540
SL: $0.625
โ ๏ธ Use only if volume drops and price fails to reclaim $0.60.
๐ Technical Structure:
Support Zone: $0.56 โ $0.58
Resistance Zone: $0.615 โ $0.65
Trend Bias: Bearish โ Neutral
Volume: Low to medium โ no breakout yet
Indicators:
RSI near oversold
MACD flattening โ prepping for move
๐ Final View:
OP is sitting on a crucial support zone. If buyers defend the $0.58 level, a quick move toward $0.615โ$0.65 is possible. But if it slips below $0.559 with volume, we may see extended downside toward $0.52.
๐ Bullish above: $0.585
๐ Bearish below: $0.559
โ ๏ธ Risk Level: Medium-High โ wait for confirmation
