$OP : AFTER A SHARP RALLY, THE MARKET IS SETTING UP FOR A NEW MOVE.
Today I chose $OP not because it’s guaranteed to rise, but because an interesting signal has appeared on the chart.
On October 14, Optimism was trading around $0.15–0.16. On the daily chart, momentum looks stronger than that of many other coins, but a pullback can’t be ruled out after such a sharp move.
What I’m watching:
— $0.161 is the nearest resistance. A close above it could open the way to $0.171.
— $0.141 is an important support zone. Losing this level would weaken the bullish outlook.
— An RSI around 58–60 points to positive momentum, but it’s still no guarantee that the rally will continue.
For me, the key signal isn’t just a green candle, but a break above resistance confirmed by volume.
#OP #Optimism #Crypto #Altcoins
Today I chose $OP not because it’s guaranteed to rise, but because an interesting signal has appeared on the chart.
On October 14, Optimism was trading around $0.15–0.16. On the daily chart, momentum looks stronger than that of many other coins, but a pullback can’t be ruled out after such a sharp move.
What I’m watching:
— $0.161 is the nearest resistance. A close above it could open the way to $0.171.
— $0.141 is an important support zone. Losing this level would weaken the bullish outlook.
— An RSI around 58–60 points to positive momentum, but it’s still no guarantee that the rally will continue.
For me, the key signal isn’t just a green candle, but a break above resistance confirmed by volume.
#OP #Optimism #Crypto #Altcoins