This chart is not the most bullish structure of recent as we approach the most critical level for OP to be macro bullish. As long as BTC doesn't drop hard and with a slight possibility to continue up from where we started 2 days ago, then OP has a chance as well.
We look at the key levels and why they are important.
Please give me a like and share,
Regards, S.SAri
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As discussed, that last move on the TL was the signal that this is working.
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Bearish and based on fib levels, and measured target for the top structure, we can assume that #OP will drop much more....unless this move is a fakeout.
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LOOKING at it from a wyckoff accumulation perspective
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