$OPEN Trade signal
Technical Outlook
OPEN saw a massive pump to $3.65 before retracing sharply. Right now, price is consolidating near $1.05 – $1.10 support after heavy selling pressure. Short-term momentum is weak, but if support holds, we could see a relief bounce.
Support Levels: $1.03 → $0.78 → $0.20 (extreme bottom)
Resistance Levels: $1.17 → $1.54 → $2.30
📈 Trade Idea
Entry (Long): $1.05 – $1.08 (current zone)
Target 1: $1.17 (MA7 resistance)
Target 2: $1.54 (recent top range)
Target 3: $2.30 (if momentum builds again)
Stop Loss: Below $1.00
⚠️ Risk Note
High volatility after a pump-and-dump move.
If $1.00 breaks, OPEN may retest $0.78 or even lower.
Position sizing and strict stop-loss are crucial.
✅ Bias: Neutral – Waiting for confirmation above $1.17 for bullish continuation.