OP/USDT Downward Momentum ??? Optimism Today Analysis

Hello Paradisers, spotlight on this token!

💎 OP bounced after touching the Bullish OB zone and managed to close above the support trendline of its bearish flag.

💎There's potential for OP to rise, possibly to test the supply zone, before a subsequent decline. The anticipated downward movement might lead OP to revisit the previous wick area, which is closely aligned with a robust demand zone. This area could witness significant buying activity if OP reaches it.

💎For those considering short positions, the supply zones between 1.52 - 1.6 could be ideal, with a stop loss set above the recent high. It's worth noting that on 28th August, there's a token unlock event for OP. Historically, prices tend to rise leading up to such events, only to experience a drop on an actual day.

💎This makes it highly plausible for OP to touch the accumulation buy zone post-unlock.