🔻 $OP 1H WAITING SHORT – sell the bounce, not the low

📉 Trend: 0.0955 is below 1H EMA50 0.0987 / EMA200 0.1025 and 4H EMA50 0.1026 / EMA200 0.1136. OP is down about 4% in 24h, with a lower high at 0.1031 on Nov 11 and new lows at 0.0952 today.
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🎯 Plan (only after publication):
A bounce into 0.0968-0.0975, then a 1H close back below 0.0968. Sell limit 0.0971.
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🛑 Stop: 0.0982 (0.09784 swing high + 0.3×ATR 0.0012)
✅ TP1: 0.0948 (Nov 8 low) ~1.6R
✅ TP2: 0.0935 (Oct 30 low) ~2.6R
(R net of 0.1% fee per side; 0.0952-0.0954 lows may cause a pause)
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🧠 Why: trend-following. Price sits under every key average, and the 0.0968-0.0975 area capped the last four 1H bounces, so a rejection there keeps the lower-high structure intact.
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⚠️ Cancel if a 1H close is above 0.0982 before activation, or 0.0948 prints before entry. Expires in 24h. Risk 1%: size = 1% of equity ÷ (0.0982 − 0.0971). Confidence: medium. A 1H close above 0.0982 would void the idea.
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Not financial advice. DYOR.
#OP #Optimism #TechnicalAnalysis #Binance