$OP Short-Term Long Setup
Timeframe: 15m
Price currently at $0.1925, holding support and showing signs of bullish continuation. Recent lows absorbed by buyers, momentum favors upside.
Entry Zone: $0.1920 – $0.1950
Position Type: Long
Take Profit Targets:
TP1: $0.2000
TP2: $0.2047
TP3: $0.2100
Stop Loss: $0.1850
Buy and ride
$OP USDT momentum 15m timeframe setup.
Optimism is showing significant relative strength as it battles through a volatile session today, February 6, 2026. While the broader market feels the weight of Bitcoin’s recent dip,
$OP is carving out a local double-bottom on the 15-minute chart, suggesting that the newly implemented revenue-linked buyback mechanism is providing a structural bid.
We are seeing a healthy RSI divergence on the lower timeframes, indicating that the selling pressure is exhausted and a mean-reversion move toward the $0.2100 resistance is overdue. This setup offers a tight risk-to-reward ratio, perfect for capturing the volatility before the next major network upgrade narrative takes center stage.
Starting this month, 50% of net Superchain sequencer revenue is being used to buy back OP tokens. This creates a "persistent bidder" in the market that retail often underestimates.
The $0.1920 level has held firm through three separate tests today. As long as we stay above the $0.1850 stop loss, the bullish thesis for a relief rally remains the dominant play.
Watch for a breakout above $0.1950 accompanied by increasing buy volume to confirm the entry.
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