$OPN USDT Bearish Continuation Signal 📉
The
$OPN USDT chart on the 1H timeframe shows strong bearish pressure after a sharp pump followed by continuous consolidation and lower highs. Price is now breaking below the consolidation range near 0.32, indicating sellers are gaining control. If this level fails to hold, the pair may continue its downward move toward the next support zones.
Trade Setup:
Entry Range: 0.318 – 0.325
Target 1: 0.285
Target 2: 0.240
Target 3: 0.180
Stop Loss (SL): 0.350
Key Levels:
Resistance: 0.335 – 0.350
Support: 0.285 – 0.240 – 0.180
Short Outlook:
$OPN USDT is showing a classic post-pump distribution phase, where price is gradually moving lower after the initial spike. Continued rejection below 0.33–0.35 resistance could accelerate the bearish move toward 0.24 and potentially 0.18. A strong breakout above 0.35 would invalidate the bearish setup.
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