$OPEN USDT – BEARS TAKING CONTROL AFTER MASSIVE SPIKE!

After an explosive move from $0.20 up to $3.65, $OPENUSDT is now cooling down sharply, currently trading near $1.30. The chart shows strong profit-taking pressure as the daily candle retraced heavily from highs. If price fails to reclaim the $1.55 resistance, sellers may continue to dominate and push it back toward lower zones.

📊 Trade Setup (SHORT)

Entry Zone: $1.30 – $1.40

Target 1: $1.10

Target 2: $0.90

Target 3: $0.70

Stop Loss: $1.65

🔎 Market Outlook

The sudden spike looks like a liquidity grab, with volume exhaustion now visible. Unless bulls step back above $1.55 and sustain momentum, the risk remains tilted to the downside. If $1.10 breaks, further panic selling could drag the pair closer to $0.90 support levels. Short-term traders should stay cautious of volatility as this is a freshly listed and highly speculative move.

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