$OP

Trade the range, keep an eye on support levels, and be ready for a potential breakout!💯💥📈

OP/USDT is trading at 1.744 USDT (-5.93%), showing slight bearish momentum with moderate trading volume:

High: 2.013 USDT

Low: 1.744 USDT

Volume: 33.10M OP, 61.86M USDT

This Layer 1 token is consolidating after a recent price drop, presenting opportunities for a bounce or breakout.

Trade Strategy

Key Levels

Support: 1.740 (near current price).

Resistance: 2.013 (24h high).

Targets 🎯

🎯 T1: 1.800 (short-term bounce).

🎯 T2: 1.900 (mid-range resistance).

🎯 T3: 2.020 (potential breakout level).

Entry Zones

1. Rebound Play: Enter above 1.750 if momentum starts to turn bullish.

2. Range Play: Buy near 1.740 (support test).

3. Breakout Entry: Enter above 2.020 for a confirmed bullish breakout.

Stop-Loss

Set stop-loss 3-5% below entry to control risk effectively.

Community Sentiment

As a Layer 1 token, OP is closely tied to the performance and updates of its ecosystem. Watch for developments that could trigger bullish sentiment in the broader Layer 1 space.

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