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Hxlaw
Hxlaw
$OL OLUSDT in the 1H frame is giving a clear upward reversal signal after creating a bottom around the 0.00769 area. The price bounced strongly with a series of consecutive green candles, and at the same time, the volume surge showed that the cash flow was joining again. Currently, the price has surpassed MA5, MA10 and MA20, and is approaching the MA120 area around 0.00822–0.00824. If the breakout is decisive in this area, the short-term uptrend can be confirmed with the next target around 0.0084–0.0085. The current structure is like the recovery model after panic sell, the buying force remains stable and the following bottoms are gradually rising. However, the 0.0084 area is still a strong resistance, so there is a possibility that there will be a shake before a complete breakthrough. Reference strategy: ● Buy when the price holds above 0.0082. ● Short-term target: 0.0084 – 0.0085. ● Near support: 0.0080. ● Cut the loss if you break 0.0079 for risk management. The current trend is short-term bullish, preferring to buy at the pace of the retest rather than FOMO chasing the price.

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