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$OP : cuts staffing and the price softens — I sell weakness
OP is down 4.95% in 24h and trades 10.14% below its 4h EMA50.
15m RSI at 32.8: near oversold, but no bottom signal yet.
±2% order book: $1.23M in bids versus $0.99M in asks.
OI: $17.64M, -4.5% in 24h.
Volume: -12.0% versus yesterday.
Funding: +0.003951%.
Accounts: 49.6% LONG. Top traders by positions: 68.4% LONG.
BTC mempool: fast fee of 2 sat/vB, difficulty adjustment +4.85%, 54,563 txs waiting.
Fear and greed: 51, neutral.
With fear and greed at 51, neutral, nobody is buying the dip with conviction: the price is sliding on its own.
📊 SHORT signal
| 📍 Current price | $0.1118 |
| 🎯 Zone | $0.1118–$0.1121525 (dist. 0.0%) |
| Entry | limit order, scale in 50/50 within the zone |
| 🛑 Stop | $0.112364 (+0.35% from the average), confirmed BEFORE entering |
| Risk | 2% of capital |
| ✅ TP1 | $0.1103362 (+1.46%): take profit on 50% and move the stop to break-even |
| 🏁 TP2 | $0.1091512 (+2.52%), 1.272 extension: the next chart support |
| R/R | 1:4.2 · 1:7.3 |
| ⏳ Valid | next 2h / as long as $0.112364 holds |
While you wait, funding pays the short side (+0.003951%).
Will OP lose $0.1103, or will the bids in the order book hold the zone?
Live price here 👇 OP
OP
#Optimism #Layer2 #Trading
This is a plan, not financial advice.