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Crypto · price-structure setup

Support bounce on Optimism

On Optimism the support bounce showed up 73 times. The target came first 40% of the time, the stop 51%, and 10% 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
Daily1100%0%0%
4-hour1155%45%0%
Hourly6136%52%11%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism7340%51%10%
All Crypto charts2,18034%55%11%
Every market2,91035%56%10%

Year by year

YearFoundTarget firstStop first
2022560%40%
20232143%43%
20241331%54%
20251315%77%
20262152%43%

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 support bounce is

Price fell back to a level that stopped it before, and bounced again.

Drop a ball and it bounces off the floor. Support is a price floor where falls stopped before, because buyers were waiting there. A support bounce is when price comes back down to that floor and bounces up again.

The full support bounce 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 support bounce elsewhere

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

Questions

How often does the support bounce work on Optimism?

In 73 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 51%; 10% went nowhere within 12 candles.

What is the support bounce?

Price fell back to a level that stopped it before, and bounced again.