$OPEN /USDT – Bullish Breakout in Progress! 🚀
After a multi-week consolidation and building a strong base around 0.2100–0.2250, $OPEN has just broken out above the key 0.2500 psychological resistance with strong volume (13.51M OPEN in 24h) and closed convincingly above it. The breakout candle is solid, price is now retesting the breakout level as support and holding firm at 0.2500 with a +11.96% green day.
Technical Analysis Highlights:
- Clear higher low structure formed
- Break and successful retest of 0.2500 major resistance (now flipped to support)
- Rising volume on the breakout
- Price trading above all major short-term EMAs
Trade Setup (Long):
Entry range: 0.2480 – 0.2520 (current retest zone)
Target 1: 0.2700 (+8–9%)
Target 2: 0.2950 (+18–19%)
Target 3: 0.3250 (+30%+) – next major resistance
Stop Loss (SL): 0.2380 (below breakout level & recent swing low)
Risk/Reward: 1:3+ easily achievable
Short-Term Outlook: Strongly Bullish
As long as 0.2500 holds as support on any retest, $ 0.2700 is the immediate next target, followed by a move toward 0.30+ in the coming days/weeks. Invalidation only below 0.2380.
Let’s ride this breakout! 🌖🚀
