【$OP Signal】Long | Double Bottom Support + Deep Accumulation

$OP On the 4-hour chart, the price repeatedly tests above the key support level of 0.179, forming a potential double bottom pattern. The depth imbalance reaches 31.43%, with significant buy volume indicating institutional support below. Funding rate remains negative at (-0.0178%), but open interest is stable, posing a short squeeze risk, so short positions are not recommended.

🎯 Direction: Long

🎯 Entry: 0.1795 - 0.1805

🛑 Stop Loss: 0.1775 ( Break below previous low and dense buy orders, rigid stop loss )

🚀 Target 1: 0.1860

🚀 Target 2: 0.1920

Core Logic: The price is strongly supported at 0.179 (previous low and order block). The 4-hour candlestick repeatedly dips but is quickly pulled back, indicating absorption by buyers. RSI( at 44.48) is in a neutral to weak zone, indicating a healthy correction. ATR( at 0.0054) shows moderate volatility, making the stop loss range reasonable. Order book depth shows buy orders in the 0.1790-0.1805 range far exceed sell orders, forming a strong support wall. Combined with the negative funding rate and stable open interest, short covering could fuel the subsequent rally. Risk-reward ratio >2.0, fitting a high-probability trading model.

Trade here 👇 $OP

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