$OP Short Liquidation Alert
A $1,065.90 short position on Optimism ($OP ) was liquidated at $2.01, showcasing bullish pressure driving shorts out of the market.
This liquidation highlights increased buying momentum, potentially signaling the start of a larger move.
Key Details:
Liquidation Amount: $1,065.90
Liquidation Price: $2.01
Market Sentiment: Bullish, as bears are forced out.
Suggested Next Move:
For Bulls: Consider riding the bullish wave. Watch for the next resistance level at $2.10 and place stop-losses near $1.98 to manage downside risk.
For Bears: Wait for signs of exhaustion at resistance levels.
Re-enter short positions only if the price starts rejecting $2.05–$2.10 with strong selling volume.
Neutral Traders: Monitor the $2.00–$2.05 zone for confirmation of direction. $OP
A break above $2.05 could signal a stronger rally, while a drop below $1.98 might shift momentum back to the bears.
Stay vigilant and manage your risks, as liquidations often lead to heightened volatility!