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Optimism

OptimisticI'm optimistic on Optimism (OP). Bullish indicators throughout the chart. Tight squeeze impulse Elliot Wave 3 breakout possible soon in my opinion. Not only is Optimism a great project and it can also be promoted as a verb type of meme (I promote creatively on Social Media. It's still under wraps though since I'm also a Lunatic). Example: I Am Optimistic about the direction of the crypto market from here. Fear is present both inside and outside of this market but we must look past it. Do not take as financial advise! Personal Opinion
Long
by Chryptofer
OP Scalp long - Looks like bottomReasons to long: ⭐️ BTC Dropped a lot ⭐️ Domination rose a lot ⭐️ Huge spike in volume at bottom ⭐️ 3rd approach ⭐️ 55 ATR ⭐️ Over VWAP Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
Long
by Artem_Dishel
6
OP broke through!!! Get ready for an ATH!!my chart here cant be easier to read. its just to show how powerful this OP pump has shown itself to be. Not only has it persevered and held onto support levels with ease. its managed to break all major resistance levels as an entity of its own. OP has never followed BTC or stocks with much correlation; but this is proof OP has a plan all its own! $2 OP. feels like this should be the level to short! A But i believe OP will take this opportunity to soar as far as it can. Id like to imagine it will hit an ATH before this is over. THAT BEING SAID, NO FOMO!! if youre confident, feel free to make an entry one way or the other (long feels right to me). But be prepared for a hefty pullback before it pumps. Ive found that when a stock or crypto breaks a MAJOR resistance level, it generally pulls back quite aggressively before launching back up. In this case, and with OP being OP, i wouldnt be surprised to see a 10-20% pullback before it makes a move upward to new heights. And for the sake of anyone who read this... I DO NOT GIVE FINANCIAL ADVICE! What you do with the information i provide is of your own accord. i hope you find it helpful, and i welcome any feedback and tips.
Long
by AomoriAkuma
Optimism $OP (SHORT) Currently Overvalued Compared to Polygon Optimism, a layer 2 scalability play on Ethereum is currently trading at an $8.2B fully diluted valuation, as compared to Polygon's $9.2B valuation. While TVL (total value locked) on Optimism is soaring, it's still only $1.1B compared to Polygon's $1.7B. We're likely just seeing a rotation of money chasing DeFi opportunities in the Optimism ecosystem as there are no DeFi protocols in the Optimism ecosystem that innovate past what is already available on other L1 and L2 ecosystems. We've seen similar rotations like this before, most of which result in a large run up followed by a steep crash in token price. Lastly, only 5% of OP tokens are circulating, making the price extraordinarily sensitive and volatile, particularly to the downside as more tokens become unlocked and flood the market. Looking at two different shorting opportunities based on key margin pressure level resistance, keeping tight stop losses in case $ETH pumps on the merge narrative and the ETH ecosystem follows suit. Check out my YT channel to learn more about margin pressure levels.
Short
by SistineResearch
OP Short OpportunityMight have missed entry but it very well could come back to it. Trade looks solid but has some considerable risk. It's a bit late to start a short but figured I would share this anyway because you can enter where you want and chose what levels are right for you. This is just my idea/ I am already in the trade but expect it to pull back. . It could also shoot through my stop as well, but I gave it some room. As always do what you are comfortable with. This is not financial advice. Just a trade I am taking and try to share more ideas. Keep an eye on BTC because it will have an effect of this. Sorry this is rushed as I am walking out the door so everything on the chart is not exactly as I usually have it. Trade is live but you might want to wait for entry.
Short
by Z3R0-G3N3S1S
4