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$OPG 24 hours from 0.17 skyrocketed to 0.34, now at 0.24, I bought in at 0.18 yesterday and just sold at 0.26, only left a small position and am debating whether to buy back in.
Bullish perspective: 1. Large funds controlling the market without seeing big orders smashing in; if the main force wants to push back to 0.3 or even 0.4, it’s just a matter of a big bullish candle; 2. 24-hour trading volume of 260M, turnover rate is sufficient, the heat hasn't dissipated; 3. The hourly support level at 0.22 was just rebounded, closely linked to spot prices.
Bearish perspective: 1. That 0.3456 spike clearly indicates a high-selling pressure level, signs of main force distributing; 2. After such a rise, it often retraces deeply to fill gaps, if the 0.17 bottom is broken, it will collapse directly; 3. Once the sentiment dies out, liquidity will be drained immediately.
My advice: Those with positions should either set a 0.22 stop-loss or aim for a 0.3 take-profit; those not in yet should wait for a retracement below 0.2 before trying again. Don’t chase high now, keep your position under 20%.
If it can rise, it’s a 1; if it collapses, it’s a 2.