🚨 $OP LONG LIQUIDATION ALERT 🚨

Overview:

Optimism ($OP experienced a long liquidation of $5.1282K at $1.88502, indicating increased selling pressure.

While this might hint at short-term weakness, it could also present an opportunity to buy at a discounted price if support holds and the price rebounds.

Key Levels to Watch:

Buy Zone: $1.85 - $1.90

Target Zone: $2.00, $2.10, $2.25

Stop Loss: $1.80

Next Steps:

1. Entry Point: Look for $OP to hold above the $1.85 support level. Enter a long position if the price consolidates or shows signs of reversal within the $1.85 - $1.90 range.

2. Target Levels:

First Target: $2.00

Second Target: $2.10

Third Target: $2.25

Take profits incrementally as the price approaches these resistance levels.

3. Stop Loss: Place your stop loss at $1.80 to protect against further downside risk.

Why It’s Promising:

Long liquidations often lead to temporary price dips, which can be followed by a recovery if strong buyers step in.

OP’s ability to hold above $1.88502 could signal a potential rebound and an opportunity to capture gains.

Reminder:

Wait for confirmation of a bounce or stabilization before entering a trade.

Use proper risk management to safeguard your capital.

Stay vigilant and be prepared to catch the next move as OP regains momentum! 🚀

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