🔴 $OP Long Liquidation Alert!
A significant long position has just been liquidated on Optimism ($OP):
$3,061.6 worth of longs wiped out at the price of $0.70338.
$OP This suggests increased selling pressure or overleveraged positions in the market.
If you're trading $OP, keep an eye on support zones and be cautious with high leverage.
The market might be signaling a short-term pullback or volatility.
Key Levels to Watch:
Support: $0.7000
Resistance: $0.7200
Next liquidation zone (if pressure continues): TBD based on OI buildup
$OP Market Sentiment: Bearish in the short term, especially if more liquidations follow.