$OPG dropped 47% in one day, I damn lost 110k USD to learn one principle: bottom fishing is not about how much it’s fallen, but whether the main force has eaten enough. 24-hour trading volume is 239 million, compared to the market cap this amount is unusually high, not retail investors smashing it, but main force counter-trading to offload and wash out. I was cut like this on another coin in September, dropped 70% thinking it was the bottom, but it fell another 80% before bottoming out, by then my position was already blown up.


Now speaking plainly. $OPG is currently at 0.1600, already broke the support at 0.1558, but pay attention to a detail: the 24h low and current price are only 2 cents apart, and the trading volume is concentrated between 0.16-0.18. This signals to me—buy orders are densely stacked around 0.1558, but no one dares to push it up. It’s exactly the same situation I traded last year, the main force is secretly eating up chips at low levels, only pushing up after enough is eaten, if not enough, they keep smashing it down.
Operation plan, I rely not on emotion but on numbers: based on this volume distribution, if the support at 0.1558 cannot hold tomorrow, the next effective support is between 0.12-0.13, where there is a dense area of previous chips. But if volume increases during the day and it recovers above 0.18, it indicates the buy orders are filled, and the rebound target is 0.22-0.25. My approach: now lightly position to test, total position no more than 3%. Enter at 0.1580, stop loss at 0.1520 (below the previous low), take profit in two levels: first at 0.1850, second at 0.2150. Split the positions, sell 30% at the first level, 70% at the second. Don’t be greedy for all profits like before.
Follow me, I will post a reminder within an hour before it turns green again. Not alarmist talk, but experience gained from losses. $OPG
OPG-32.32%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned