$OPEN /USDT PARABOLIC SURGE FACING short trade signal 🚥 🛑 RESISTANCE – SHORT-TERM PULLBACK LIKELY ⚠️
$OPEN/USDT has exploded from 0.84 lows to a 1.095 high within hours, now trading at 1.044 after a sharp spike. The 1-hour chart shows a parabolic rise with the first signs of profit-taking as red candles appear near the highs. Without a sustained push above 1.08–1.10, the pair risks a corrective dip toward prior support zones before the next leg up.
Trade Setup (Short Entry):
Entry: 1.045 – 1.055 (near current levels)
Take Profit (TP): 1.000 (first target), 0.960 (second target)
Stop Loss (SL): 1.085 (above the recent high)
Market Outlook:
Momentum is still bullish on the higher timeframe, but on the short-term chart it’s overextended with a high chance of retracement. Aggressive traders may look for short-term pullbacks; conservative traders should wait for a clear re-entry zone.
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buy and trade here on $OPEN