$OP This chart is turning back to 1.7 again

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1. Strong selling pressure:

Currently, the price is near the support level of 1.889 USDT. If there is no strong buying force, the likelihood of breaking this support is very high.

When the support is broken, the next price level to be tested could be 1.7 USDT, a strong previous support area.

2. Medium-term downtrend:

OP has decreased by more than 19% in the past 7 days and 18% in the past 30 days, indicating that the medium-term trend is still leaning towards a decline.

The current recoveries may just be minor adjustments before continuing the downtrend.

3. Weak trading volume:

As observed, trading volume is gradually decreasing, signaling a lack of interest from buyers, increasing the likelihood of the price being pushed down to lower levels.

4. Psychological level at 1.7 USDT:

1.7 USDT is a strong psychological price level that could attract significant buying power from the market if the price actually returns to this range.

Conclusion:

If the price cannot break the resistance of 1.913 USDT in the short term, it is highly likely to turn back down to 1.7 USDT.

Trading strategy:

Sellers: Consider opening a sell order when the price breaks 1.889 USDT, with a profit target at 1.7 USDT.

Buyers: Wait for a strong rebound signal at the 1.7 USDT level before entering the market.

#CryptoMarket #OPUSDT #Downtrend #SupportLevel #MarketAnalysis