$OP is currently trading inside a descending channel, reflecting controlled bearish pressure with $OP respecting both upper resistance and lower support. Recent attempts to move higher were rejected near the channel top, indicating sellers are still active and a clear trend reversal has not yet been confirmed.
For a bullish setup, patience is key—waiting for a strong breakout above the channel resistance with volume confirmation would offer a safer long opportunity. Until that happens, $OP may continue to range within the channel, making reactive trades riskier than waiting for confirmation.
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Thoughts on #OP:
$OP is currently trading inside a descending channel, reflecting controlled bearish pressure with $OP respecting both upper resistance and lower support. Recent attempts to move higher were rejected near the channel top, indicating sellers are still active and a clear trend reversal has not yet been confirmed.
For a bullish setup, patience is key—waiting for a strong breakout above the channel resistance with volume confirmation would offer a safer long opportunity. Until that happens, $OP may continue to range within the channel, making reactive trades riskier than waiting for confirmation.