$OPEN
OPENUSDT: Opener Alert—Trend Reversal or Another Trap?
@OpenLedger (Open) is sitting at 0.5798, struggling to break out after a heavy downtrend that’s yet to show a clear reversal signal. Strong resistance clusters at the 0.6080–0.6500 zone, but if bulls surge, this range could flip fast.
Entry: Go long above 0.6080 only with a robust green candle and clear volume surge for confirmation.
Target: 0.6500 (major supply zone and the next barrier).
Stop Loss: Below 0.5600 to keep risk tight in case of another rejection.
My View:
OPENUSDT is trying to bottom out, but trend reversal requires a true breakout—no confirmation, no trade. Wait for buyers to step up, then ride the move; otherwise, stay safe on the sidelines.
Disclaimer: Education only—trade on breakout confirmation and protect every position with a disciplined stop.
