$OP is deeply oversold, but the overall trend remains bearish. Market structure is weak, favoring continuation to the downside.
SHORT OP
Entry: 0.117 – 0.120
Targets:
0.11
0.10
0.085
Stoploss: 0.132
Price is trading below the 7D, 30D, and 200D SMAs, confirming multi-timeframe weakness. MACD remains in negative territory, and sentiment is soft.
RSI is extremely oversold, so a minor relief bounce is possible — but unless price reclaims 0.14, rallies are likely to get sold into.
A breakdown below 0.11 could trigger a fast liquidity sweep toward 0.10.
OPUSDT
Löpande
0.1179
+1.63%