$OP /USDT – SHORT TRADE SETUP
Analysis:
Optimism is facing strong resistance near $0.865, with multiple failed attempts to break higher. The recent rejection from this zone, coupled with weakening buying pressure, indicates a potential pullback. Volume is tapering off, and momentum signals suggest sellers are regaining control in the short term.
Trade Setup:
Entry: $0.840 – $0.845
Target 1: $0.815
Target 2: $0.795
Stop Loss: $0.865
A clean break below $0.830 could accelerate the decline toward support levels. This setup favors short-term traders looking to capitalize on the rejection from resistance.