$OP Long Liquidation Alert
A massive $3.78K in Longs wiped out at $0.647 — the bulls just took a serious hit, and the battlefield is heating up.
What’s Happening?
Optimism saw intense downward pressure leading to liquidation around the $0.647 level. This zone has now turned into a critical liquidity pocket, where smart money might look to reload before the next move.
Technical Breakdown:
Support Zone (Buy Area): $0.620 – $0.648
This is the accumulation zone. If price holds above $0.620, a potential reversal or bounce is likely. Sharp wicks into this area indicate aggressive buying on dips.
Resistance Zone: $0.685 – $0.715
Expect heavy profit-taking and short interest to build if price enters this region.
Primary Target 1: $0.685
Target 2 (Breakout Zone): $0.720
If the price pushes past $0.720 with volume, it could trigger a new bullish leg.
Stop Loss: Below $0.610
A close below $0.610 invalidates the bullish setup and suggests continuation to the downside.
Strategic Insight:
The long liquidation flush at $0.647 could mark the capitulation phase before a reversal. Smart entries in the support zone could ride the wave back toward key resistances. Watch for volume spikes and reclaiming $0.660+ for confirmation.
Verdict:
Volatility is your weapon — $OP just gave the market a shake. Now the brave must decide: reload in the zone or wait for confirmation. Opportunity often hides where fear peaks.
