$OP #OP 📉
Direction: SHORT
Entry zone: 0.101158 to 0.101564
Stop loss: 0.102881
Target 1: 0.099334
Target 2: 0.097813
Optimism is trading near 0.101361 dollars, down 2.75 percent in 24 hours, inside a range of 0.100444 to 0.104979 dollars, and the recent closes show a slow slide with no real bounce, 0.1016, then 0.1015, then 0.1012, then 0.1011, then 0.1014. 🔴 My reading is that OP is weak while Bitcoin chops under 77,900 dollars, because it lost almost 3 percent on 18.7 million dollars of volume and is now sitting near its range low, with buyers nowhere to be seen. A short from the current zone, with a stop above 0.102881, targets 0.099334 first and then 0.097813 if sellers push through the range low. A rise above 0.102881 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 0.099334 first, or rise above 0.102881? 🤔
Follow for more trades.
#Optimism #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.101158 to 0.101564
Stop loss: 0.102881
Target 1: 0.099334
Target 2: 0.097813
Optimism is trading near 0.101361 dollars, down 2.75 percent in 24 hours, inside a range of 0.100444 to 0.104979 dollars, and the recent closes show a slow slide with no real bounce, 0.1016, then 0.1015, then 0.1012, then 0.1011, then 0.1014. 🔴 My reading is that OP is weak while Bitcoin chops under 77,900 dollars, because it lost almost 3 percent on 18.7 million dollars of volume and is now sitting near its range low, with buyers nowhere to be seen. A short from the current zone, with a stop above 0.102881, targets 0.099334 first and then 0.097813 if sellers push through the range low. A rise above 0.102881 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 0.099334 first, or rise above 0.102881? 🤔
Follow for more trades.
#Optimism #Crypto #FuturesTrading #TradingSignals
