$OP : Short Liquidation Signals Bullish Momentum!

📊 $5.5397K worth of shorts liquidated at $2.07447, indicating that sellers are being squeezed out. This could fuel a strong upward rally as momentum builds for Optimism $OP

Key Levels to Watch

Support Zone: $2.00 - $2.10 (strong base).

Breakout Level: $2.25 (key resistance).

Major Targets After Breakout:

1. $2.50 (initial target).

2. $2.80 (medium-term target).

3. $3.20 (long-term target).

Trading Plan for $OP

Buy Zone

Ideal Entry: $2.05 - $2.15 (near the support zone).

Breakout Entry: Add more positions above $2.25 after confirmation of a breakout.

Targets

1. Target 1: $2.50

2. Target 2: $2.80

3. Target 3: $3.20

Stop Loss

Stop Loss Level: $1.95 (below the support zone to manage risk).

Next Steps

1. Bullish Case:

If price breaks above $2.25, expect rapid movement toward $2.50 and higher levels.

2. Bearish Case:

If price falls below $2.00, avoid buying as the short squeeze momentum may weaken.

💡 Tips:

Wait for Confirmation: Don’t rush. A confirmed breakout above $2.25 is key.

Risk Management: Use a tight stop loss and stick to your targets.

Optimism might be ready to soar – Stay sharp and ride the wave! 🎯

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