🚀 $OP Ready for a Breakout? 🚀
Optimism (OP) is currently trading at $1.197, up +10.02% in the last 24 hours. The price has formed a strong bullish structure on the 15-minute chart after breaking out from a demand zone (highlighted in gray).
📊 Technical Breakdown:
✅ Entry Zone: Price is stabilizing above the previous resistance (now turned support).
✅ Target: $1.276 – A push toward this level could confirm further upside momentum.
✅ Stop Loss: $1.162 – Below the previous support zone to manage risk.
✅ Risk-Reward Ratio: Favorable for long positions as price maintains higher lows.
🔍 Bullish Case: If OP sustains above $1.196, a breakout toward $1.276 is likely. Increased trading volume could drive further price action.
⚠️ Bearish Scenario: Losing $1.180 support could trigger a pullback toward $1.162.
📢 Are you bullish or bearish on OP? Drop your thoughts below!