Do you think the $OPEN surge of 11% is because buy orders are pouring in like crazy? Take another look at the trading volume—it's only 47.91 million, nearly half of the pull-up volume from the previous days. This is a volume-contracted rally: typical buyers are retreating, sellers aren’t really pushing, yet the price is stubbornly being driven upward. In plain terms, the capital driving the current pump is all short-term speculators—real big players don’t dare add positions at this level. Without volume support, 90% of the upside is a bear-trap style bull trap.
Now around 0.1758: if the next hourly candle breaks down and falls below 0.16 on increased volume, then go short decisively—no need to hesitate. If, on the other hand, you want to gamble on a short-term long, you must wait for a pullback below 0.165 and then enter with a light position. Stop loss at 0.155, take profit at 0.19. But my view is very clear—after this volume-contracted rally, it’s highly likely it will fill the gap below.
If you’ve been trapped by this kind of fake rally, drop a 1 in the comments and see how many brothers have gone through the same script. #OPEN
#OPEN
Now around 0.1758: if the next hourly candle breaks down and falls below 0.16 on increased volume, then go short decisively—no need to hesitate. If, on the other hand, you want to gamble on a short-term long, you must wait for a pullback below 0.165 and then enter with a light position. Stop loss at 0.155, take profit at 0.19. But my view is very clear—after this volume-contracted rally, it’s highly likely it will fill the gap below.
If you’ve been trapped by this kind of fake rally, drop a 1 in the comments and see how many brothers have gone through the same script. #OPEN
#OPEN