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$OPN Bullish Recovery Setup 🔥
Entry: 0.2850 – 0.2950
OPN is showing strong signs of a trend reversal after finding a major bottom at the 0.2449 level. The price has surged nearly 20% in the last 24 hours, printing a large bullish engulfing candle on the 4H chart that has cleared previous local resistance zones.
The current price of 0.2981 suggests a healthy accumulation phase following the breakout. This entry zone targets a retest of the immediate support base, looking for momentum to carry the price back toward the 0.3440 major peak as volume continues to trend upward.
Bullish Above: 0.3070
TP1: 0.3270
TP2: 0.3440
TP3: 0.3750
SL: 0.2720
#OPN #BitcoinSupportAndResistanceAnalysis