$OP reclaims $0.11 this week or I’m calling this bounce fake. 👀
Not impressed.
Price is $0.107 and the tape is still red, 4h is -5.1%, but RSI at 54 says this isn’t dead, just messy. Volume is only 1.2x normal and funding at 0.010% means longs are already leaning in. That’s the part I don’t trust. Looks more like $SOL -style chop than clean strength.
If it gets above $0.11, I’ll admit the bears missed. If it loses $0.10, this thing likely tags lower fast. 📉
What am I missing?
#Optimism
#Ethereum
Not impressed.
Price is $0.107 and the tape is still red, 4h is -5.1%, but RSI at 54 says this isn’t dead, just messy. Volume is only 1.2x normal and funding at 0.010% means longs are already leaning in. That’s the part I don’t trust. Looks more like $SOL -style chop than clean strength.
If it gets above $0.11, I’ll admit the bears missed. If it loses $0.10, this thing likely tags lower fast. 📉
What am I missing?
#Optimism
#Ethereum