$OP is under heavy pressure right now. Price is sitting near 0.1535 after a sharp sell-off, down more than 18% on the day. The structure clearly shows strong bearish control with lower highs and lower lows across the session.

The pair recently tapped the 0.1516 low and is attempting a small bounce, but momentum is still weak. For any real recovery, bulls need to reclaim the 0.160 zone first. Until then, this looks like a relief bounce inside a downtrend.

If price loses 0.1516 support, another leg down could follow quickly. But if buyers step in and push above 0.160, we may see short-term stabilization.

Right now, the trend favors sellers. Stay cautious and watch the key levels closely.