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Post

2026-08-20 06:06:18

$OP | Breakout Confirmed

$OP has just made a strong move above the neckline of a clear inverse Head & Shoulders structure.

▸ Neckline: ~$0.0865
▸ Current: ~$0.0895
▸ Key resistance: ~$0.0910–$0.0920
▸ Pattern target: ~$0.0915–$0.0920

The breakout came with a sharp momentum expansion, pushing price back above the 9 EMA and 50 SMA.

A sustained hold above the neckline would strengthen the bullish structure.

Structure first. Confirmation over prediction.

#BTCSurgesPast70000Up8.3% #ETHSurges20%BreaksThrough2300

This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.

OP+1.52%

2
6
4.89k

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Comment

L2Warden

2026-08-23

Rising from 0.0865 to 0.0895 is only a gain of three to four points, with a target of 0.0915. The risk-reward ratio is not particularly attractive, but if it can truly hold above the moving-average cluster, there could be room for a subsequent catch-up rally. Keep an eye on BTC’s cues.

00View Original

GateUser-501fc20d

2026-08-20

Paying Close Attention🔍

00View Original

Mason_Lee

2026-08-20

Amazing insights🚀

00

EscrowEmperor

2026-08-20

Bro, this chart looks pretty nice, but can OP avoid fading after pumping this time like last time? Let’s see it hold above 0.09 first.

00View Original

PopularQueen

2026-08-20

Ape In 🚀

00

PopularQueen

2026-08-20

To The Moon 🌕

00

MemeBagHolder

2026-08-20

Structure is indeed more important than predictions, but the crypto market is prone to too many fake breakouts. I choose to wait for a pullback that holds above the neckline before entering; aggressive traders can chase it.

00View Original

BacktestHunter

2026-08-20

First Review

Breaking through the neckline is the first step; the key is whether it can hold above 0.091. The pattern alone is not enough—trading volume needs to follow.

00View Original

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