Optimism $OP Short Liquidation Alert
A significant $51,800 worth of shorts was liquidated at $1.772, signaling a surge in bullish momentum.
This liquidation reflects strong buying pressure, potentially paving the way for further gains.
Key Levels to Monitor
• Resistance: $1.800 – A breakout above this could open the path to higher levels.
• Support: $1.740 – Buyers are likely to defend this level on any dips.
What’s Next for $OP ?
If OP sustains above $1.770, it may target the resistance at $1.800 or higher. However, failure to maintain current levels could result in a pullback to the support zone around $1.740.
Trade Plan
• Buy Entry: $1.760 - $1.775 (Target: $1.800, Stop Loss: $1.740)
• Sell Entry: $1.805 - $1.820 (Target: $1.770, Stop Loss: $1.825)
Monitor trading volume closely near the resistance zone.
A breakout with strong volume could signal continued upward movement.
Always follow proper risk management!
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