Optimism OP price aims for x10 growth

14 oct 2022

It seems that the price of OPUSDT is completing the formation of the corrective wave 2 and the longest wave 3 of growth may be ahead of us.

Yesterday's trading day closed with a beautiful pin bar or hammer, which often serves as a signal for a trend reversal. Also, the shadow of the pin bar tested the strength of the liquidity zone $0.6-0.7, which previously acted as resistance and did not allow the OPUSD price to rise.

Such data allows you to try a medium-term trade on the following conditions:
Entry of the position at $0.71-0.73
Stop below $0.647 (-10.5%)
Take profit $1.534 (+112%)
Profit/loss ratio 11/1

Of course, you can fix take profit at each of the levels shown on the chart: $0.93 $1.15 $1.33

If we look at the Optimism token price chart globally, we can assume that the top of the 3rd wave of growth will be around $6.5-7.5, which is x10 growth from the current price
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