【$OP Signal】Hold cash and wait for key support confirmation

$OP is weakly oscillating below EMA20, with deep imbalance indicating buy orders piling up but the price unable to push higher. This is a typical pattern of incomplete accumulation.

🎯 Direction: Hold cash

Market analysis: The price continues to trade below 0.1879 (EMA20), with a medium-term downtrend. On the 4H timeframe, it has tested the 0.1800-0.1820 support zone multiple times, but the rebound highs are gradually decreasing (0.1875 -> 0.1856 -> 0.1855), forming an early descending triangle.

Core logic: The key contradiction lies in the data. The order book depth shows buy orders (Bids) far exceeding sell orders (Asks), with an imbalance of 17.24%, usually indicating strong support below. However, open interest (OI) remains stable, and the funding rate is slightly positive (0.0093%), yet the price cannot effectively break through the EMA20 resistance. This suggests that the main force is passively absorbing at the key level (~0.182), but lacks the willingness to actively push higher, possibly still in the oscillation phase of accumulation.

Trading plan: The current price (0.1839) is in a tricky middle ground, with resistance from EMA20 and a downward trendline above, and deep buy orders support below. The risk-reward ratio is unclear. The best strategy is to wait: 1) for a volume breakout and stabilization above 0.1880 (EMA20 + previous high), confirming trend reversal and chasing longs; 2) or wait for the price to test the strong support zone at 0.1800-0.1815 again, observe buy absorption and RSI divergence, then consider left-side accumulation.

Risk control core: Until the trend becomes clear, any chasing or top-tapping is high risk. Be patient and wait for clearer market signals.

Trade here 👇 $OP

---

Follow me: Get more real-time analysis and insights on the crypto market!

‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL