$OP /USDT Analysis: Testing Resistance Near $1.90 #Optimism is trading at $1.863, with a notable recovery from its recent low of $1.697 and a high of $1.904. The price is hovering near critical levels, indicating a potential breakout or rejection.
![](https://bin.bnbstatic.com/image/admin_mgs_image_upload/20220601/369d7a6a-1afe-49e1-bc55-b903bdfc470e.png)
Key Levels to Watch:
Resistance Levels:
$1.904: Immediate resistance. A breakout above this level could push OP toward $1.95 and $2.00.
Support Levels:
$1.743: Key support for maintaining upward momentum.
$1.697: Strong base; a breakdown could lead to further declines.
Trading Strategy:
For Long Positions: Enter above $1.90 with targets at $1.95 and $2.00. Set a stop-loss below $1.85.
For Short Positions: Enter if the price rejects at $1.904, targeting $1.74 and $1.70, with a stop-loss above $1.92.
Market Insight:
The RSI at 72.66 suggests overbought conditions, which may lead to a consolidation or minor pullback. The MACD is showing bullish momentum, which supports the potential for further upside. Traders should monitor the $1.90 resistance closely for a breakout confirmation.