💲$OPEN #EntryTargetStoploss

OpenLedger's AI-blockchain darling has been sliding amid market jitters, what do you think, dip to buy or further fade?

Current State: OPEN's in a sharp breakdown, down 5.75% to $0.543 in 24h from $0.57 highs, with volume spiking to $76.6M on bearish sentiment and fear index at 33.

Key Levels:

Support: 0.506 and 0.530 where buyers may defend.

Resistance: 0.609 and 0.633 as overhead barriers.

Trading Scenarios:

Bullish Scenario: Reclaim 0.609 on volume? Enter at 0.580, target 0.660, stop-loss below 0.550.

Bearish Scenario: Under 0.506; short at 0.500, aim 0.450 target, stop at 0.520.

Indicator Status:

RSI(6) at 19.91 deeply oversold, MACD showing narrowing bearish histogram at 0.004 with potential crossover.

Descending channel from $1.18 peak, with pivot at $0.582 signaling possible reversal.

Risk Factors: Extreme oversold RSI risks snapback rally, but declining OBV and high volatility from AI integrations could test support.

Not financial advice. For in-depth analysis focused on the bullish segment of the market, follow @kathalvahini

#OpenLedger #ChartAnalysis #CoinVahini #TradeSignal @OpenLedger