$OPEN Eyeing a Bullish Rebound Toward $1.40+
The price action shows
$OPEN consolidating just above the $0.82–$0.84 support zone after retracing from recent highs at $1.48 and $1.54. This support has historically triggered strong buyer interest, and price is now hovering near $0.98–$1.00.
If this base holds, a bullish reversal is likely, with the structure showing early signs of a potential higher low formation on the 1H chart.
Technical Outlook
Support Zone: $0.82 – $0.84
Current Range: $0.98 – $1.00
Immediate Resistance: $1.05 (minor), $1.25 (breakout zone)
Major Resistance: $1.48 – $1.54 (strong supply area)
Target Projection: $1.40 – $1.48 (TP)
Stop-Loss: Below $0.80
A clean move above $1.05 could trigger momentum toward $1.25, and a breakout there may carry the rally to the $1.40–$1.48 region, where strong resistance last formed.
Summary
Bias: Bullish if $0.82–$0.84 holds
Setup: Higher low → breakout above $1.05 → rally to $1.25+
Risk Management: SL below $0.80
If buyers defend this support,
$OPEN could be setting up for a strong upside wave toward $1.40+, reclaiming lost ground and testing prior highs.
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