$OP is trading back into a high-probability supply zone where sellers could regain control and trigger the next leg lower.
Trading Plan – Short $OP
Entry: 0.100 – 0.110
SL: 0.118
TP1: 0.095
TP2: 0.090
TP3: 0.085
The latest recovery has pushed price back into a strong resistance area that previously acted as a rejection zone. The current rally still appears to be a corrective bounce within the broader bearish structure. If buyers fail to establish acceptance above this supply zone, a sharp rejection toward the liquidity below recent swing lows becomes increasingly likely.
This is a solid risk-to-reward setup, but patience and proper risk management remain key.
DYOR (Do Your Own Research).
Trading Plan – Short $OP
Entry: 0.100 – 0.110
SL: 0.118
TP1: 0.095
TP2: 0.090
TP3: 0.085
The latest recovery has pushed price back into a strong resistance area that previously acted as a rejection zone. The current rally still appears to be a corrective bounce within the broader bearish structure. If buyers fail to establish acceptance above this supply zone, a sharp rejection toward the liquidity below recent swing lows becomes increasingly likely.
This is a solid risk-to-reward setup, but patience and proper risk management remain key.
DYOR (Do Your Own Research).