OP market analysis 🚩
Yesterday, the OP daily line slipped from a high of 2.7 to a low of 2.59, and finally closed at around 2.67. The lower support is mainly concentrated on the MA14 moving average. Once it breaks, it may further drop to MA360. Near this support level, you can consider buying on dips. MACD bulls are shrinking, and there is a trend of forming a dead cross
On the four-hour chart, MA60 is the lower support. After breaking it, it may look to MA90, which is also suitable for buying. The upper pressure is near MA14, and the MACD short force is increasing. In the short term, it is recommended to buy in the 2.55-2.46 range, and it is expected to rebound to the 2.67-2.83 range.
