【$OP Signal】Long + 1H Breakout and Retest Confirmation

$OP The 1H timeframe has completed a retest of the short-term moving average around 0.1267 and has regained support, forming a micro double bottom pattern. Although the 4H timeframe is still in consolidation, the price has rebounded from the lows, and the buying activity on the 1H chart has significantly increased, indicating clear signs of main force support. In a negative fee environment, open interest remains stable, and there is no large-scale retreat by bears, laying the groundwork for a potential short squeeze. Deep buy orders below provide a solid foundation for the rebound.

🎯Direction: Long

⚡Entry/Order: 0.1270 - 0.1272

🛑Stop Loss: 0.1255

🚀Target 1: 0.1300

🚀Target 2: 0.1325

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price of 0.1270. If the price strongly breaks through 0.1300 and stabilizes, move the remaining stop loss up to 0.1285 to aim for the second target.

(Depth Logic: The 1-hour RSI has rebounded from below 50 to a healthy zone, indicating increasing momentum. Over the past few hours, despite the price decline, open interest has remained stable, suggesting not main force selling off but passive long liquidation. Currently, buy orders on the order book are significantly stronger than sell orders, and the depth imbalance favors upward movement. The 1-hour chart has formed a higher low structure, with key resistance at the 4H previous high of 0.1300. Breaking through this level will open up space for further gains. )

View real-time quotes 👇 $OP

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