📉 $OPEN /USDT – Short Trade Signal
Market Structure:
$OPEN has shown an explosive pump of over +580%, hitting a high of $3.65 before pulling back to the $1.36 level. Such extreme volatility usually attracts profit-taking, and the sharp red candles on the 5m chart hint at sellers stepping in aggressively.
🔑 Key Levels
Immediate Resistance: $1.50 – $1.60
Major Resistance: $2.00
Support Zone: $1.20 – $1.10
24H Range: $0.20 – $3.65
📉 Short Trade Setup
Entry Zone: $1.38 – $1.45
🎯 TP1: $1.25
🎯 TP2: $1.10
🎯 TP3: $0.95
🛑 Stop Loss: $1.62
💡 Pro Tip: With massive gains already locked in, OPEN is vulnerable to sharp corrections. Scalpers should ride the volatility but avoid oversized positions due to sudden wicks.