OPtimism At Its Best!
2025-01-07
Category: None

📌Fundamental: 
- Optimism (OP) is a Layer 2 scaling solution for Ethereum that enhances transaction speed and reduces costs through several distinctive features:

- Optimistic Rollups: Processes transactions off-chain and submits them to Ethereum in batches, increasing throughput and lowering fees.
USE THE BITCOIN

- EVM Compatibility: Fully compatible with the Ethereum Virtual Machine, allowing developers to deploy existing Ethereum smart contracts with minimal modifications.
USE THE BITCOIN

 📌Technical: 
OP rejected the lower bound of the rising broadening wedge pattern.

I am expecting a movement towards the upper bound of the wedge, targeting the $6 round number.

 📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich