🔥 $OP is holding up nicely in this consolidation phase – still got that bullish undertone, but it's taking its time before the next move.
*Volume look: 4h candles are showing volume tapering off (latest one at 15.5M compared to those bigger 89.8M sell-off spikes earlier), which is pretty typical for a healthy consolidation. Overall 24h volume sitting at 92.89M means there's still decent interest out there.
*Capital flow: Spot side is positive with +193k USDT net inflows over 24h – real buying pressure. Futures are a bit mixed short-term (some -54k in 5m), but the bigger picture looks good: strong inflows on 4h (+515k) and 6h (+1.24M). Feels like the big players are quietly loading up.
*My take $OP : Cautiously bullish – I think we're setting up for a potential breakout.
- *Entry: Aggressive – jump in around current support at 0.2750 if 1h RSI stays above 50.
Conservative – wait for a clean break above 0.2832 (Resistance) with solid volume (aim for >25M on that 4h candle).
- Stop-loss: 0.2667 for the aggressive one – lines up nicely with Support at 0.2698
- Targets $OP : Primary 0.2888 (resistance), secondary 0.2966 (next resistance)
Just stay patient – these consolidations can lead to some nice moves. #OP #opusdt #Optimism