OP SOARED 13 PERCENT WHILE ARB STALLED ON A FLAT SATURDAY
CoinCodex crowned OP its coin of the day this morning on a 13 percent print and the rest of Layer 2 split behind it
$OP cooled to 9 percent by noon and still leads the board near 11 cents on 110 million dollars of volume
$LSK is the loud second name near 24 cents and up 17 percent on 85 million dollars of volume
ARB is the stalled name near 16 cents and flat on 118 million dollars of volume
BTC sits near 77300 dollars and flat so this is a Layer 2 story not a market story
The split is the whole point
OP and LSK moved on real volume while ARB did nothing on even bigger volume
That tells me money rotated inside the sector instead of flowing into it from outside
Weekend spikes built on thin tape usually fade by Monday
This one has volume behind the leader and that is what makes it worth watching into the evening
Here is how I am playing the leader
Entry near 11 cents right around the noon tape
Target 12 cents which is the 24 hour high
Stop on a daily close under 10 cents because that was roughly the prior close and losing it kills the coin of the day story
My take as an analyst
Layer 2 moves like this on a flat BTC Saturday usually fade by Monday unless volume follows price
OP volume above 100 million dollars gives this one a better chance than a thin weekend spike
But I am not chasing the morning print
I want the noon tape to hold 11 cents into the evening and the 10 cent line is my receipt
So which print comes first for you
Does OP close the day above 12 cents and confirm the crown or does it slip back under 10 cents and hand the day back to BTC
$OP $LSK
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Layer2
CoinCodex crowned OP its coin of the day this morning on a 13 percent print and the rest of Layer 2 split behind it
$OP cooled to 9 percent by noon and still leads the board near 11 cents on 110 million dollars of volume
$LSK is the loud second name near 24 cents and up 17 percent on 85 million dollars of volume
ARB is the stalled name near 16 cents and flat on 118 million dollars of volume
BTC sits near 77300 dollars and flat so this is a Layer 2 story not a market story
The split is the whole point
OP and LSK moved on real volume while ARB did nothing on even bigger volume
That tells me money rotated inside the sector instead of flowing into it from outside
Weekend spikes built on thin tape usually fade by Monday
This one has volume behind the leader and that is what makes it worth watching into the evening
Here is how I am playing the leader
Entry near 11 cents right around the noon tape
Target 12 cents which is the 24 hour high
Stop on a daily close under 10 cents because that was roughly the prior close and losing it kills the coin of the day story
My take as an analyst
Layer 2 moves like this on a flat BTC Saturday usually fade by Monday unless volume follows price
OP volume above 100 million dollars gives this one a better chance than a thin weekend spike
But I am not chasing the morning print
I want the noon tape to hold 11 cents into the evening and the 10 cent line is my receipt
So which print comes first for you
Does OP close the day above 12 cents and confirm the crown or does it slip back under 10 cents and hand the day back to BTC
$OP $LSK
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Layer2
