📉 $OP From $4.86 to $0.12: The Reality of the Cycle 🚨
Tracking the massive correction since the Feb 19, 2024 high of $4.86.
Current Price: $OP $0.1287 📉
Trend: Strong bearish momentum below all major EMAs. 📏
RSI(6): 12.17 (Extreme Oversold) ⚡
The chart shows a relentless downtrend, but at these RSI levels, are we finally nearing a local bottom or is there more room to fall? 🤔
Strategy: Watch for a breakout above the EMA(7) before looking for entries. 🛡️