OP quietly pumping +11.75% on 3.34x volume — the L2 narrative is alive and well, and Optimism is riding the wave.
The 4H RSI at 66.7 is perfectly positioned: strong bullish momentum without crossing into overbought territory. The daily RSI at 54.8 is even more interesting — it suggests the daily chart has plenty of room to run. This divergence between 4H and daily RSI is a classic continuation setup.
Price has reclaimed the daily SMA99 ($0.0991) and is testing above it. Volume surge confirms this is not a random fluctuation.
🎯 Trade Plan (LONG):
📍 Entry: $0.0973 - $0.1005
🛑 SL: $0.0923 (below the 4H SMA25 and recent support)
✅ TP1: $0.1029 (near-term resistance)
✅ TP2: $0.1068 (measured move)
✅ TP3: $0.1108 (full extension target)
⚖️ R:R = 0.6:1
Why this setup works: clean trend, reasonable RSI on both timeframes, and the L2 sector momentum is providing a tailwind. OP is one of the more technically sound setups today.
Are you bullish on OP or do you prefer ARB as the L2 play? Let me know your pick 👇
#OP #Optimism #DYOR
⚠️ Disclaimer: Not financial advice. Personal analysis for educational purposes. Always manage risk and DYOR.
The 4H RSI at 66.7 is perfectly positioned: strong bullish momentum without crossing into overbought territory. The daily RSI at 54.8 is even more interesting — it suggests the daily chart has plenty of room to run. This divergence between 4H and daily RSI is a classic continuation setup.
Price has reclaimed the daily SMA99 ($0.0991) and is testing above it. Volume surge confirms this is not a random fluctuation.
🎯 Trade Plan (LONG):
📍 Entry: $0.0973 - $0.1005
🛑 SL: $0.0923 (below the 4H SMA25 and recent support)
✅ TP1: $0.1029 (near-term resistance)
✅ TP2: $0.1068 (measured move)
✅ TP3: $0.1108 (full extension target)
⚖️ R:R = 0.6:1
Why this setup works: clean trend, reasonable RSI on both timeframes, and the L2 sector momentum is providing a tailwind. OP is one of the more technically sound setups today.
Are you bullish on OP or do you prefer ARB as the L2 play? Let me know your pick 👇
#OP #Optimism #DYOR
⚠️ Disclaimer: Not financial advice. Personal analysis for educational purposes. Always manage risk and DYOR.