$OPEN at $0.1215... is this the kind of oversold flush that snaps back, or just another lower high waiting to get smoked? 😈
RSI on the 4h is 24, so it’s washed. But price is still under the 20d and 50d MAs, and that’s not a bullish setup yet. Volume is only $1.85M too, so this move is real but not exactly explosive.
If it starts reclaiming $0.12 clean and holds, I’d expect a fast squeeze. If it loses that area again, the chart probably keeps bleeding like a weak $XRP bounce that never catches a bid. 📉
Longs are still paying, which usually tells you the crowd is leaning the wrong way. That’s the part I’m watching.
What’s your target here?
#OPEN
#Crypto
#Binance
RSI on the 4h is 24, so it’s washed. But price is still under the 20d and 50d MAs, and that’s not a bullish setup yet. Volume is only $1.85M too, so this move is real but not exactly explosive.
If it starts reclaiming $0.12 clean and holds, I’d expect a fast squeeze. If it loses that area again, the chart probably keeps bleeding like a weak $XRP bounce that never catches a bid. 📉
Longs are still paying, which usually tells you the crowd is leaning the wrong way. That’s the part I’m watching.
What’s your target here?
#OPEN
#Crypto
#Binance