$OP Trading Strategy at $0.6220 🚀
As of now, $OP (Optimism) is trading at $0.6220, showing signs of consolidation after a recent 20%+ weekly drop. 📉 Despite the dip, technical indicators suggest potential for a rebound. The RSI is in the neutral 30-70 zone, indicating no overbought or oversold conditions, while the 50-day moving average on the 4-hour chart remains bullish. 🟢
Trending Strategy:
For Bulls: Watch for a bounce at the $0.60 support level. A break above $0.65 could signal a move toward $0.80.
For Bears: If $OP fails to hold $0.60, consider shorting with a target near $0.55.
Risk Management: Set stop-losses to manage volatility, and monitor volume for breakout confirmation.
Stay cautious, as market sentiment is mixed. Always DYOR! 💡
