Technical analysis by MyCryptoParadise_Jack about Symbol OP: Buy recommendation (12/12/2024)

Yello, Paradisers! Is #OPUSDT gearing up for its next big rally, or will resistance keep the bulls at bay? Here’s why this setup deserves your full attention.💎After a strong accumulation phase, #OP surged upward, tagging a key level that prompted significant profit-taking. This pullback has created an opportunity for a critical breakout support re-test, and the price action is now forming a promising inverse head-and-shoulders pattern.💎The breakout confirmation hinges on a decisive move above the descending resistance at $2.70 to $2.80. A strong push through this level, backed by high volumes, could pave the way for an initial climb to $3.20. Beyond that, OP faces significant resistance in the $3.75 to $4.10 region, which could attract profit-taking once reached.💎On the downside, minor support is seen at $2.34, but the more critical zone lies at $2.05 to $1.95. This is the strong support level which is fortified by the 50-Day Simple Moving Average (SMA) and has shown a robust reaction from buyers, signaling strong bullish interest.Stay sharp, Paradisers—this setup has the makings of a high-probability move. As always, patience and strategy are key to staying ahead in this market. MyCryptoParadiseiFeel the success🌴