Optimism Short-Term 100% Target (Great Risk-Reward-Ratio)

6 Sep

➖ Optimism has been dropping since, well, since inception. It produced a strong bounce for the first time in July 2024. The bounce led to a lower low in early August and after mid-August the action moved back above the July 2024 low.

This law is clearly marked on the chart.
This a short-term chart setup.

➢ As long as OPBTC trades above this level, the July 2024 low, it has growth potential. The chart becomes bullish. If the action moves below, it turns bearish.

➢ This setup can be traded with a very tight stop-loss. It would be something like 8% risk, with 100% or more for potential reward. Low risk vs a high potential for reward. Great RRR.

Namaste.