Technical analysis by vf_investment about Symbol OP on 7/29/2024

In the OP/USDT pair on the daily timeframe (Heikin-Ashi candles), we are anticipating a possible double bottom formation after a double top formation. According to the double bottom formation, it would be reasonable to take a long position with a 7% stop loss after the price reaches the 1.147 level. Our initial interim target level will be 1.94, which corresponds to the middle of the range, and our second main target level will be 3.028.