Market Alert: $OP Liquidated Long at $1.751!
A major long position worth $56.2K has been liquidated at $1.751, signaling bearish activity. Traders are showing caution as the market decides its next direction.
Key Levels to Watch:
Support: $1.70 (If broken, expect further downside toward $1.60)
Resistance: $1.85 (Critical level for any bullish recovery)
Next Move:
Bullish Scenario:
If $OP breaks above $1.85 with strong buying momentum, consider a buy, targeting $2.00.
Bearish Scenario:
If OP drops below $1.70, a sell could be safer, with a target near $1.60 or lower.
Suggestion:
Stay cautious and wait for a breakout or breakdown before entering.
Use a stop-loss to protect against unexpected reversals.
Stay tuned for further market action!