🔴 OP just popped +10% on 4x normal volume. ARB +30%, OP +10% — L2 season is officially loading.
Price at $0.0966, RSI 64.3 on the 4H (bullish but NOT overbought), and the volume surge confirms real buying interest.
📊 The Setup:
• Volume ratio: 3.99x — significant participation increase
• 4H MACD: just flipped from bearish to neutral/bullish
• Price testing above SMA7 ($0.092) and approaching SMA99 daily ($0.099)
• Long/Short ratio: 1.68 — market net long
• Daily RSI: 52.5 — tons of room before overbought
Why OP? When ARB pumps 30%, it's only a matter of time before OP follows. They're the two blue-chip L2 tokens, and institutional money tends to rotate between them. OP's daily RSI at 52 means it hasn't even started its run yet.
📋 Trade Plan (LONG):
• Entry: $0.0954 – $0.0979
• Stop Loss: $0.0916 (below 4H SMA25)
• TP1: $0.1005 | TP2: $0.1043 | TP3: $0.1082
• Risk/Reward: ~1:1.5 on TP2
⚠️ The key level is $0.099 (daily SMA99). A clean break above it opens the door to $0.105+. If rejected, expect a pullback to $0.092.
OP or ARB — which L2 are you betting on? 👇
#OP #Optimism #DYOR
📌 Disclaimer: Not financial advice. Crypto is volatile. Always do your own research and manage risk.