$OPEN at a Pivotal Zone – Breakdown or Relief Bounce Ahead?
OPEN/USDT is trading at $1.0005, after a sharp sell-off that pushed price from intraday highs near $1.0067 down to a key psychological support at $1.0000. The market is now consolidating at this level, and the next move could define whether bulls step in for a recovery or bears maintain control for further downside.
Key Levels to Watch
• Resistance: $1.0800 – A break above this could open the door toward $1.1200 and $1.2000.
• Support: $1.0000 – Losing this major zone may accelerate the decline toward $0.9800 and potentially $0.9500.
Trade Setup – Stay Prepared
Bullish Entry:
A confirmed breakout above $1.0800 could target:
• TP1: $1.1200
• TP2: $1.2000
Bearish Entry:
A breakdown below $1.0000 could target:
• TP1: $0.9800
• TP2: $0.9500
Final Note
OPEN is sitting at a decisive level. Traders should closely monitor the $1.0000 zone a bounce may trigger relief gains, while failure to hold could extend the bearish pressure.
