OP/USDT Daily Analysis and Trading Strategy

Support Levels:

1. $1.750: Short-term support, close to the 24-hour low.

2. $1.700: Important mid-term support point, the dividing line of market sentiment.

Resistance Levels:

1. $1.900: 99-day moving average resistance level, key short-term resistance.

2. $2.000: Psychological barrier and the position of the MA25 moving average.

Market Analysis:

The current price of OP is $1.844, with an intraday increase of +2.67%. The price is gradually stabilizing in the short term, but is noticeably suppressed by the MA99 moving average. Trading volume remains low, and the MACD indicator's fast and slow lines are running flat below the zero axis, indicating weak market momentum. It is expected that the oscillating market may continue.

Trading Strategy:

• Long Position Strategy:

Build positions in batches in the $1.750-$1.800 range, targeting $1.900. After a breakthrough, further aim for $2.000, with a stop loss set below $1.740.

• Short Position Strategy:

If the price rebounds and encounters resistance in the $1.900-$2.000 range, consider lightly shorting, targeting $1.750, with a stop loss above $2.050.

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