#op🔥🔥 HTF Analysis:

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$OP

Here’s a potential W-reversal pattern forming on the $OP daily timeframe. $OP has already broken out above the neckline zone and is now consolidating right above it — showing clear signs of strength.

With structure holding and momentum building, looks primed for the next leg up. A long position can be considered here with a tight SL below the neckline for risk management. Keep on watch — the setup looks solid.

Optimism (OP) is a leading Ethereum Layer 2 scaling solution that leverages optimistic rollups to dramatically reduce gas fees and increase transaction speeds while maintaining strong security through Ethereum’s base layer.