OP BUY SETUP - Bull Wave Is Coming!!
Updated
OP's price just touched and bounced off from yellow support zone. Although there are many resistance areas on the top, but in the medium term, I am quite bullish with OP.
Optimism’s main utility is to batch transactions on the Optimism network. Optimism allows users to enjoy lower gas fees on their transactions executed on the Optimism network through optimistic rollup technology.
The project consists of the following major components working in conjunction:
- Optimistic rollup: Optimism relies on the security of the Ethereum blockchain to process blocks that are created on the L2.
- Ethereum Layer 2 scaling solution: Optimism is a Layer 2 scaling solution built on Ethereum which is EVM equivalent and has its own ecosystem of applications
Entry: 0.70 ~ 0.71
I will use trailing stop-loss if price reached first target (R:R=1)
________________________
If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it.
Don't forget to Follow, and comment your thoughts below, or simply a Boost button if you found it helpful. That encourages me a lot to share my ideas!
Optimism’s main utility is to batch transactions on the Optimism network. Optimism allows users to enjoy lower gas fees on their transactions executed on the Optimism network through optimistic rollup technology.
The project consists of the following major components working in conjunction:
- Optimistic rollup: Optimism relies on the security of the Ethereum blockchain to process blocks that are created on the L2.
- Ethereum Layer 2 scaling solution: Optimism is a Layer 2 scaling solution built on Ethereum which is EVM equivalent and has its own ecosystem of applications
Entry: 0.70 ~ 0.71
I will use trailing stop-loss if price reached first target (R:R=1)
________________________
If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it.
Don't forget to Follow, and comment your thoughts below, or simply a Boost button if you found it helpful. That encourages me a lot to share my ideas!
Trade active
Trade closed: target reached
There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.