OPEN is sitting at a critical level, and the next move could define the short term structure.
$OPEN is trading around $0.1183, after a sharp decline from the $0.1849 area. The daily Supertrend remains bearish at $0.1494, so this chart still needs confirmation before calling a trend reversal.
Here’s my map:
Current: $0.1183
Support: $0.1116–$0.1150
Key resistance: $0.1260–$0.1300
Major resistance: $0.1440–$0.1495
Target 1: $0.1350
Target 2: $0.1450
Target 3: $0.1600
The level I’m watching most is $0.1260.
A reclaim of that zone would be the first sign that buyers are starting to regain control. Above $0.1495, the daily structure would look significantly healthier.
For now, $0.1116 is the line I don’t want to see lost.
A hold here followed by a reclaim of $0.126 could give OPEN a much cleaner recovery setup.
#open
$OPEN is trading around $0.1183, after a sharp decline from the $0.1849 area. The daily Supertrend remains bearish at $0.1494, so this chart still needs confirmation before calling a trend reversal.
Here’s my map:
Current: $0.1183
Support: $0.1116–$0.1150
Key resistance: $0.1260–$0.1300
Major resistance: $0.1440–$0.1495
Target 1: $0.1350
Target 2: $0.1450
Target 3: $0.1600
The level I’m watching most is $0.1260.
A reclaim of that zone would be the first sign that buyers are starting to regain control. Above $0.1495, the daily structure would look significantly healthier.
For now, $0.1116 is the line I don’t want to see lost.
A hold here followed by a reclaim of $0.126 could give OPEN a much cleaner recovery setup.
#open
