SasanSeifi| Bullish Trend Building as $1.90 Holds!
2024-11-12

Hey there, ✌ In the daily time frame, as you can see, the price of  BINANCE:OPUSDT  has been oscillating with a slight increase after holding the $1 level for a relatively long period. After an initial rise and hitting a supply zone, the price has returned to the demand zone around $1 and, after reaching this level, we have witnessed another slight increase.

Currently, as shown in the chart, the long-term downward trendline has been broken in the daily time frame, and the price is moving toward the $2 level. This break in the downtrend could indicate a potential trend reversal and the beginning of a new upward movement. Considering the overall market conditions and existing demand, the likelihood of continued price growth in the short and medium term has increased.

One scenario we can consider is that if the price stabilizes above the supply zone, which is currently near the $1.90 level, we can expect OP to move toward higher levels. In this case, mid-term and long-term price targets could range from $2.20, $2.50, to even $3. The key support zone on the daily time frame for OP is at the $1.50 level.

💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!

Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌