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Crypto · price-structure setup

Breakout on Optimism

On Optimism the breakout showed up 51 times. The target came first 45% of the time, the stop 53%, and 2% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2100%0%0%
4-hour683%17%0%
Hourly4337%60%2%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism5145%53%2%
All Crypto charts1,77940%57%4%
Every market2,25240%56%4%

Year by year

YearFoundTarget firstStop first
20221242%50%
20231040%60%
20241145%55%
20251258%42%
2026633%67%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the breakout is

Price closed above resistance on strong volume. The ceiling broke.

Imagine a crowd pushing on a stuck door until it finally bursts open. A breakout is when price pushes through a ceiling that stopped it before and closes above it. Lots of trading at that moment is like a big crowd pushing together.

The full breakout lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The breakout elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the breakout work on Optimism?

In 51 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 53%; 2% went nowhere within 12 candles.

What is the breakout?

Price closed above resistance on strong volume. The ceiling broke.