Optimism

<ul class="news-points"> 
 <li><strong>OP price increased to $2.16 but traders may need to wait for a reversal to make gains.</strong></li> 
 <li><strong>A strong support at $1.72 could help sustain entries between $1.80 to $1.85 if OP pulls back.</strong></li> 
 <li><strong>OPs’ funding rate was positive, suggesting that traders are bullish on the price action.</strong></li> 
</ul> 
<p>Michaël van de Poppe, crypto investor and founder of MN Trading told his X followers that they should be careful about buying <a href="https://coinedition.com/tag/optimism-op/">Optimism (OP)</a> at any value. He further noted that they should focus on finding entries between $1.85 and $1.935.&nbsp;</p> 
<p>Van de Poppe also added that OP would most likely follow in Ethereum’s (ETH) direction. So, those looking to buy OP should watch out for the price action of ETH.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Request 03 – <a href="https://twitter.com/search?q=%24OP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$OP</a><br><br>Another one follows the path of Ethereum.<br><br>If there's a correction, then it would be wise to look at the region between $1.85-1.935 to ensure you're getting a proper entry.<br><br>Right now, you're basically chasing the candles. <a href="https://t.co/mUqf8I2gFn" target="_blank" rel="nofollow">pic.twitter.com/mUqf8I2gFn</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1732870848845947387?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 7, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-op-follows-eth-the-leader"><strong>OP Follows ETH the Leader</strong></h2> 
<p>The analyst’s opinion seemed valid when considering the price action of OP and ETH price action on December 7. According to CoinMarketCap, ETH r…</p>
<p>The post <a href="https://coinedition.com/analyst-unveils-optimism-op-strategy-after-recent-hike/">Analyst Unveils Optimism (OP) Strategy After Recent Hike</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Analyst Unveils Optimism (OP) Strategy After Recent Hike

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