$OP Long Liquidation: $50.1K Wiped Out at $2.171!
A significant $50,100 long position has been liquidated at $2.171, marking a sharp setback for Optimism (OP) bulls.
The sudden downward pressure caught leveraged traders off guard, forcing them out of their positions.
What’s the Story?
This liquidation highlights bearish dominance in the short term, as sellers took control and pushed $OP below a critical price level.
Such moves can create heightened volatility, offering both risks and opportunities for traders.
What’s Next for $OP ?
OP now sits at a crucial juncture. If selling pressure continues, it may retest lower support zones.
However, a swift recovery is possible if buyers step in to reclaim momentum.
👉 Key Levels to Watch:
Support: $2.15 (important to hold for stability).
Resistance: $2.20 (breakout needed for a bullish comeback).
Strategy Tip:
Stay cautious and avoid chasing volatile moves.
Monitor volume and market sentiment closely—this could be the start of either a deeper correction or a rebound opportunity!
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