Technical analysis by King_BennyBag about Symbol OP: Buy recommendation (6/2/2025)

OP/USDT – 4H Chart SummaryMarket Structure:4H Timeframe:- Price consolidating within a descending triangle/wedge pattern, indicating potential buildup before a breakout.- Lower Timeframes (1H and below): Bearish trend structure with lower highs and lows.- OBV (On-Balance Volume): Forming a wedge—suggesting accumulation or distribution phase nearing a breakout.Key Zones:Demand Zone (Support): - 0.5483 – 0.6351This area has provided strong support historically. A clean break below could signal continuation of the larger downtrend.Supply Zone (Resistance): - 0.9068 – 1.0414-Historically rejected price; high probability of reversal or consolidation if revisited.Fair Value Gaps (FVG):- FVG 1: 0.6659 – 0.6838- FVG 2: 0.7024 – 0.7308These inefficiency zones are likely to attract price if bullish momentum builds. Watch for potential short-term rejection or continuation setups here.Volume Profile:Strongest volume node (high liquidity zone) sits between 0.7470 – 0.8000Suggests this area has been heavily traded and may act as magnet/resistance if approached again.Fibonacci Confluence:Previous swing high at 0.8232 aligns with the 0.618–0.65 golden pocketA critical zone for potential take-profit or trend reversal on a breakout.Scenarios:Bullish Case:If price holds above 0.6351 and bounces, look for:- Retest of FVG 1, followed by FVG 2.- Breakthrough of 0.7308 could target the golden pocket and swing high at 0.8232.- Sustained bullish move may reach the supply zone above 0.9068.Bearish Case:- Breakdown below 0.6351 and especially below 0.5483 would:- Invalidate the wedge support.- Confirm continuation of the macro downtrend.-Open room for new lows and bearish expansion.Conclusion:Price is at a key decision point inside a wedge.Reaction at 0.6351 is critical—support bounce targets higher inefficiencies; breakdown signals deeper bearish continuation.OBV and volume structure suggest an imminent volatility spike—prepare for a breakout.