opecoin

$OPEN
/USDT BEARISH BREAKDOWN SIGNALING FURTHER DOWNSIDE PRESSURE

$OPECOIN is displaying a clear bearish market structure with consecutive lower highs and lower lows, confirming seller dominance. Price has broken below a critical support zone and is now trading under previous consolidation support, which has flipped into resistance. This breakdown indicates continuation toward deeper demand levels.

Momentum indicators remain weak, with RSI holding below the midline and moving averages crossing downward, reinforcing short-side bias. Volume expansion on red candles confirms distribution and strong supply pressure in the market.

SHORT ENTRY: On retest and rejection of the broken support turned resistance zone

TP1: Immediate demand zone below recent low
TP2: Major support area from previous accumulation
TP3: Extended downside liquidity zone

SL: Above the recent lower high and invalidation level

Risk Management: Risk only 1–2% of total capital per trade. Scale out profits at each target and trail stop loss to lock gains as price moves in favor.

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