📢
$OPEN / $USDT | 🔴 SHORT | ⭐ 55.3%
🎯 Objective: $0.11596. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.119
🛑 Stop Loss: $0.1206
🏁 TP1: $0.11596
🏁 TP2: $0.1142
📉 Analysis:
The market structure in
$OPEN shows a fully bearish alignment across the 4h, 1h, and 15m timeframes, confirmed by a triple-top pattern that invalidated previous bullish attempts. The ADX of 22.82 indicates an emerging trend, while the bearish MACD cross (momentum indicator) and the positioning of the 20 and 50 EMAs confirm the prevailing selling pressure.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The invalidation level is set at $0.1206, protecting the immediate resistance area. The bearish thesis remains valid as long as price fails to recover the moving averages and continues respecting the volume distribution below the POC (Point of Control) at $0.131722.
Do you think the support at $0.1123 has enough strength to stop this bearish momentum?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #OPEN #trading #Futures #Bearish