The chart shows $OL / USDT (Open Loot perpetual futures on Binance) experiencing heavy downside pressure — currently trading at 0.01230 after a sharp -9.43% drop in the last 24 hours. Price has broken below key support levels, with the Bollinger Bands squeezing and then expanding downward, middle band at ~0.0158 now acting as resistance.
The chart displays strong bearish momentum:
Candles are printing lower highs and lower lows on the 1D timeframe.
RSI (14) sits at ~31.88 (oversold territory but still declining, no clear bullish divergence yet).
Stochastic oscillator is low (~K 24.67 / D 26.21), crossed bearishly earlier and hovering in oversold without strong reversal signal.
Recent price action broke the lower Bollinger Band (~0.0111) before a minor bounce, but momentum remains to the downside with volume supporting sellers.
This setup screams continuation of the downtrend — ideal for a short trade on OLUSDT perpetuals!
🚨 BEARISH SETUP: SHORT $OL USDT NOW! 🚨
Price rejected hard from 0.0136 zone and accelerating lower. Enter short around current levels ~0.01230 for maximum reward.
🎯 Take Profit levels:
1st TP: 0.01153 (recent low / strong support zone) → +6.3%
2nd TP: 0.01092 (extended target) → +11.2%
🛑 Stop Loss: 0.01360 (above recent swing high / invalidation) → risk ~10.6%
Tight risk-reward here with room for 1:2+ if momentum holds. Volatility is high — use appropriate leverage (3-10x max recommended) and never risk more than 1-2% per trade.
The downtrend is intact — don't fight the tape! Bears in control until proven otherwise.
Who’s jumping in on this short? Drop 🔥 if you're shorting $OL / USDT with me!
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