Massive $OP Short Liquidation Alert.

A whopping $18.036K in short positions just got liquidated at a critical price point of $2.101.

Here's the breakdown of the action:

Short Liquidation: The shorts are feeling the pressure as $18,036 worth of positions were forced to close, causing an explosive move in price.

Liquidation Price: The key price level triggering the cascade was $2.12846, which sparked a massive liquidation event.

Why This Matters:

Massive Price Moves: Liquidations like this often lead to sharp price fluctuations in the crypto market. If this momentum continues, we could see significant price movement in the coming hours or days.

Potential Buy Zone: After such an event, some traders might see a potential buy zone near $2.12846, anticipating a bounce or reversal in price.

Risk Considerations: With $OP showing volatility, short squeezes and liquidations can cause further upward spikes, but be cautious as price may also pull back after such a rapid move.

Stay sharp and watch those key price levels! This type of market action can create thrilling opportunities for those who know when to strike.

Keep an Eye On:

Potential Target Levels: Watch for price moves around $2.30 - $2.50 as possible targets.

Stop-Loss: Set a protective stop-loss at $2.00 for any long positions to safeguard against downside risks.

What's Next.

The liquidation event shows the market's high volatility right now, and the $OP price could continue to fluctuate. Traders should monitor for breakouts or possible pullbacks around the key levels mentioned.

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