$OP #OP 📉
Direction: SHORT
Entry zone: 0.0935 to 0.0945
Stop loss: 0.0960
Target 1: 0.0920
Target 2: 0.0900
Optimism is trading near 0.094 dollars, down 1.18 percent in 24 hours, inside a range of 0.091 to 0.097 dollars, and the recent closes show sellers capping every push, 0.094, then 0.094, then 0.093, then 0.094, then 0.094. 🔴 My reading is that OP is the weak range topper in a red market, because it could not hold above 0.095 even while Bitcoin bounced from 67,628 to 69,275 dollars, and five flat closes under resistance show sellers defending this level every time buyers test it. A short from the current zone, with a stop above 0.0960, targets 0.0920 first and then 0.0900 if sellers break the range low. A break above the stop 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 OP break 0.0900 first, or reclaim 0.0960 first? 🤔
Follow for more trades.
#Optimism #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.0935 to 0.0945
Stop loss: 0.0960
Target 1: 0.0920
Target 2: 0.0900
Optimism is trading near 0.094 dollars, down 1.18 percent in 24 hours, inside a range of 0.091 to 0.097 dollars, and the recent closes show sellers capping every push, 0.094, then 0.094, then 0.093, then 0.094, then 0.094. 🔴 My reading is that OP is the weak range topper in a red market, because it could not hold above 0.095 even while Bitcoin bounced from 67,628 to 69,275 dollars, and five flat closes under resistance show sellers defending this level every time buyers test it. A short from the current zone, with a stop above 0.0960, targets 0.0920 first and then 0.0900 if sellers break the range low. A break above the stop 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 OP break 0.0900 first, or reclaim 0.0960 first? 🤔
Follow for more trades.
#Optimism #Crypto #FuturesTrading #TradingSignals
