$OP (Optimism) Spot Trading Signal
Buy Zone: $0.66 – $0.69
Target 1: $0.74
Target 2: $0.80
Stop Loss: $0.62
Risk/Reward Ratio: ~1:2
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Technical Indicators
RSI (14): 26.59 — Oversold on both 1H and 4H charts, indicating a potential bounce.
EMA Crossovers: Price is currently below EMA 10, 20, 50, and 100, signaling a bearish trend, but any short-term reversal may trigger a bullish crossover soon.
MACD & Stochastic Oscillator: Both currently show bearish momentum, but could shift if buying pressure increases.
