$OPEN / USDT – Bullish Breakout Watch 🔥
Current Price: $0.1580
After the drop from $0.1793, price found a base near $0.1556 and is now attempting to stabilize above short-term support. Buyers are defending the 0.155–0.156 zone, signaling a potential reversal structure.
Market Structure:
Downtrend slowed at the $0.1556 demand level. Price is now forming a tight consolidation range between $0.156 and $0.160. Compression under minor resistance suggests breakout potential if momentum returns.
📈 Long Trade Setup:
Entry Zone: $0.1565 – $0.1595 (buying stabilization above support)
Stop Loss: $0.1538 (below base & structure invalidation)
📌 Take Profit Targets:
TP1: $0.1605
TP2: $0.1645 (24h high)
TP3: $0.1700
TP4: $0.1793 (previous swing high)
Key Levels:
· Immediate Support: $0.1556
· Major Support: $0.1500
· Resistance Flip: $0.1605
· Breakout Confirmation: Strong close above $0.1645
· Expansion Zone: Above $0.1700
Market Sentiment:
Selling pressure weakened near $0.1556 with visible absorption on dips. Volume stabilizing during consolidation suggests potential accumulation. Holding above $0.156 keeps the bullish scenario intact. A decisive push above $0.1645 could trigger momentum toward $0.170–$0.179.
Base forming. Buyers stepping in. Structured risk favors upside breakout continuation.
#OPEN Trade
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