$OP #OP 📉
Direction: SHORT
Entry zone: 0.102525 to 0.102935
Stop loss: 0.104271
Target 1: 0.100675
Target 2: 0.099134
Optimism is trading near 0.102730 dollars, down 5.17 percent in 24 hours, inside a range of 0.101931 to 0.109060 dollars, and the recent closes show a flat drift at the lows, 0.102547, then 0.102532, then 0.102833, then 0.102959, then 0.102730. 🔴 My reading is that OP is weak while Bitcoin chops under 77,900 dollars, because it gave back the whole push toward 0.109060 and buyers have not defended the middle of the range, with 22.1 million dollars of volume and every close pinned near the range low. A short from the current zone, with a stop above 0.104271, targets 0.100675 first and then 0.099134 if sellers push through the range low. A rise above 0.104271 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Optimism fall to 0.100675 first, or rise above 0.104271? 🤔
Follow for more trades.
#Optimism #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.102525 to 0.102935
Stop loss: 0.104271
Target 1: 0.100675
Target 2: 0.099134
Optimism is trading near 0.102730 dollars, down 5.17 percent in 24 hours, inside a range of 0.101931 to 0.109060 dollars, and the recent closes show a flat drift at the lows, 0.102547, then 0.102532, then 0.102833, then 0.102959, then 0.102730. 🔴 My reading is that OP is weak while Bitcoin chops under 77,900 dollars, because it gave back the whole push toward 0.109060 and buyers have not defended the middle of the range, with 22.1 million dollars of volume and every close pinned near the range low. A short from the current zone, with a stop above 0.104271, targets 0.100675 first and then 0.099134 if sellers push through the range low. A rise above 0.104271 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Optimism fall to 0.100675 first, or rise above 0.104271? 🤔
Follow for more trades.
#Optimism #Crypto #FuturesTrading #TradingSignals
