$OPEN /USDT – BEARISH REVERSAL SETUP AFTER PARABOLIC SPIKE
After a vertical rally from 0.20 to 3.65, $OPEN/USDT shows signs of exhaustion with a sharp rejection near the 167% Fibonacci extension. The 4H chart reveals a long upper wick and declining volume, suggesting profit-taking and potential reversal.
ENTRY: Short below 1.60 (AVL breakdown confirmation)
TARGETS:
→ Target 1: 1.22 (61% Fib zone)
→ Target 2: 0.85 (previous breakout base)
SL: 1.78 (above recent rejection wick)
Risk Management: Use 2–3% of account per trade. Avoid chasing volatility. Let confirmation guide entries.
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