Is $OPN at $0.0528 oversold, or just one flush away from lower?
Down 9.59% today. 🩸
4h RSI is 28 after a 12.6% slide, but volume is only 0.4x its 20d average. That looks more like weak conviction than a real reversal.
$BTC isn’t giving this chart much cover either. 😬 Funding is still positive at 0.005%, so longs are paying while OPN chops.
At $0.0528, I’d wait for a reclaim before touching it. Would you take the oversold bounce here, or wait for a reclaim?
#OPN #CryptoNews
Down 9.59% today. 🩸
4h RSI is 28 after a 12.6% slide, but volume is only 0.4x its 20d average. That looks more like weak conviction than a real reversal.
$BTC isn’t giving this chart much cover either. 😬 Funding is still positive at 0.005%, so longs are paying while OPN chops.
At $0.0528, I’d wait for a reclaim before touching it. Would you take the oversold bounce here, or wait for a reclaim?
#OPN #CryptoNews