The market on February 20, 2026, is currently in a state of Extreme Fear (Index: 18). Bitcoin has struggled to hold the $68,000 level, and Ethereum has officially broken below its psychological support of $2,000, reaching a 9-month low.
When shorting in this environment, the goal is to target assets showing structural breakdown (breaking multi-month support) rather than just "top losers," which are prone to violent "short squeezes" during extreme fear.
Optimism (OP)
OP is suffering from a "double whammy": a massive 20% daily drop and a break of its 2025 yearly support floor.
Bearish MACD crossover on the 4H chart with high sell volume.
Entry Zone: Wait for a "dead cat bounce" to $1.65 – $1.70. (Shorting the current bottom is high risk; wait for the relief rally to fail).
Stop-Loss: $1.88.
Target: $1.35 (the next major horizontal support).
$OP Binance Coin (BNB)
BNB is showing a "Lower High" pattern on the daily chart and was recently rejected at its 20-day EMA ($641).
The Signal: Failure to reclaim $620 support.
Entry Zone: $610 – $618.
Stop-Loss: $645 (above the 20-day EMA).
Target: $574 (retest of the February swing low).
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