📉 $OPEN /USDT Trading Signal: Caution Ahead! ⚠️ Current P
SKAW786
Updated at: 3 hours ago
{"content":" 📉 $OPEN /USDT Trading Signal: Caution Ahead! ⚠️
Current Price:$0.8255
24H Change:-9.98%
24H High/Low:$0.9178 / $0.8260
7D Change: -31.65%
Chart Analysis (1D Timeframe):
$OPEN is in a steep downtrend, recently breaking below key support at $0.9178 with a sharp 9.98% drop in the last 24 hours. The price is testing the lower range near $0.8260, with bearish momentum dominating. Volume is moderate but lacks significant buying pressure to reverse the trend.
Indicators Breakdown:
- RSI:Dropping toward 30 (oversold territory)—potential for a bounce but no confirmation yet.
- MACD: Bearish crossover, with the line below signal—downtrend intact.
- Williams %R:Near -80—indicating strong selling pressure.
Signal:
- Action: WAIT or SHORT (if confirmed)
- Entry (Short):$0.820 - $0.825
- Take Profit: TP1: $0.800 | TP2: $0.780
- Stop Loss:$0.835 (above recent resistance)
- Risk/Reward: 1:2 | Position Size: 1% of portfolio
Watch for a reversal signal (e.g., bullish candlestick or RSI bounce) before going long. OpenLedger’s fundamentals need monitoring—current bearish trend suggests caution. DYOR!
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