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【$OP Signal】Long! 1H breakout and retest confirmed, main force defending the market under negative fee rate
$OP The 1H timeframe has completed the retest of the EMA20, and the price has regained the key level of 0.1173, indicating a short-term momentum rebound. Although the 4H timeframe is still in a consolidation and downward channel, the 1H structure has already shown a clear buy signal. Open interest remains stable, and the negative funding rate suggests crowded shorts, making it an excellent short-term sniper opportunity.
🎯Direction: Long
⚡Entry/Order: 0.1161 - 0.1173
🛑Stop Loss: 0.1147
🚀Target 1: 0.1195
🚀Target 2: 0.1215
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the remaining position’s stop loss up to the entry price of 0.1173. If the price strongly breaks through 0.1195 and stabilizes, move the remaining stop loss up to 0.1185 to aim for Target 2.
Depth Logic: The 1-hour RSI has rebounded to a healthy 58.72, indicating sufficient momentum. Although the 4-hour trend is somewhat weak, the price has remained resilient in a negative fee rate environment over the past few hours, and open interest remains stable. This is not a bearish-led decline but rather a shakeout by the main force. Market depth data shows unusually thick buy orders in the 0.1160-0.1170 range, providing strong immediate support. The current price is near the optimized entry zone’s upper boundary, making it a good opportunity to follow the trend.
View real-time quotes 👇 $OP
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