$OP You can take some profits and move the stop to break even.
Post
Cryptocatagency
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Bearish$OP 1H
#OP is gradually responding to the weakness following Bitcoin.
If the overall scenario for #BTC remains valid, then the altcoin could very well continue its downward movement without any surprises - we've already spotted initial signs of correction.
For now, the asset isn't showing aggressive buybacks, so any local recovery is viewed as a temporary breather before further declines.
The market is currently in a phase where weak instruments correct faster than the rest. I expect continued downward pressure on prices in the near term.
The main focus now is on Bitcoin's reaction, as #OP appears to be an asset that will simply follow the overall market trend.
#OP is gradually responding to the weakness following Bitcoin.
If the overall scenario for #BTC remains valid, then the altcoin could very well continue its downward movement without any surprises - we've already spotted initial signs of correction.
For now, the asset isn't showing aggressive buybacks, so any local recovery is viewed as a temporary breather before further declines.
The market is currently in a phase where weak instruments correct faster than the rest. I expect continued downward pressure on prices in the near term.
The main focus now is on Bitcoin's reaction, as #OP appears to be an asset that will simply follow the overall market trend.