$OP Continues to Show Bearish Signs 🐻
Given the current bearish trend and the fact that $OP is trading below its SMA7 and SMA25, I believe $OP may head towards the support level of 0.0887 if it fails to break above the resistance level of 0.1333.
Technical check:
✅ Close price below SMA7 and SMA25, ✅ 10-bar trend is bearish, ✅ Volume is flat/falling
⚠️ If $OP breaks above the resistance level of 0.1333, the bearish structure will be invalidated, and we may see a reversal…
#MarketAnalysis
Given the current bearish trend and the fact that $OP is trading below its SMA7 and SMA25, I believe $OP may head towards the support level of 0.0887 if it fails to break above the resistance level of 0.1333.
Technical check:
✅ Close price below SMA7 and SMA25, ✅ 10-bar trend is bearish, ✅ Volume is flat/falling
⚠️ If $OP breaks above the resistance level of 0.1333, the bearish structure will be invalidated, and we may see a reversal…
#MarketAnalysis