Yo! 📉 Let's break down the chart for OPEN/USDT on Binance.
From the chart:
- OPEN is trading at 0.7082 USDT with a -5.04% change in Rs200.17.
- 24h High: 0.7623, 24h Low: 0.7040.
- Volume stats show 33.49M OPEN and 24.48M USDT traded.
$OPEN ledger coin trading strategy with a strong position considering pulldowns and upward momentum:
🔥 OPEN Ledger Coin Trading Strategy
Strong Position Play
1️⃣ Watch for Pulldowns: Look for dips like the current -5.04% drop. If OPEN breaks below key support (like 0.7040), it might pull down further.
2️⃣ Breakup for Upward Momentum: If OPEN breaks above resistance (like 0.7623 recent high), expect upward momentum 🚀. New highs could follow.
3️⃣ Volume Check: Monitor volume. High volume with a breakout above resistance could mean strong upward movement.
4️⃣ EMA Signals: With EMA(7): 0.7257 and EMA(25): 0.7906, if price crosses above EMA(7), could signal short-term uptick.
💡 Strong Position:
- Consider buying on dips if you think OPEN will bounce back.
- Set targets near recent highs (0.7623) for breakout plays.
