$OP Long Liquidation Alert
A $1,246 liquidation just hit at $1.8773 for $OP. Here's what you need to know:
Key Details About $OP
$OP (Optimism): A Layer 2 scaling solution for Ethereum, focused on faster and cheaper transactions.
Importance: Backed by a strong ecosystem and growing developer interest.
Next Move Prediction
Likely Direction: The liquidation might push prices toward support before recovery or sideways movement.
Support and Resistance Levels
Support: $1.80
Resistance: $1.95
Buy or Sell Suggestion
Buy: If price holds above $1.80, it’s a potential entry point for a rebound.
Sell: Look to exit near $1.95 if upward momentum weakens.
Stop Loss
For Buyers: Place a stop loss at $1.75 to limit losses if support breaks.
For Sellers: Set a stop loss at $2.00 to protect against a breakout.$OP
Final Tip
Watch for high volume and market sentiment near key levels.
A breakout or breakdown will set the stage for the next big move. Stay ready!