📉 $OPN REJECTION CONFIRMED: THE DUMP CONTINUES! 📉 (Short)
ENTRY: 0.6489 – 0.6750 🎯
SL: 0.7250 🛡️
TP 1: 0.5530 💰
TP 2: 0.4730 🔥
TP 3: 0.3300 🚀
🕵️ Why are we shorting OPN?
Confirmed Resistance at Peak: Your updated 15m chart shows that OPN is struggling to reclaim the 0.6969 high. After hitting that level, the price printed a series of red candles, confirming that the initial buying frenzy has been met with massive sell-side liquidity. 🛑
Loss of Parabolic Momentum: The near-vertical climb from 0.3300 has officially stalled. The price is now starting to "roll over" on the short-term timeframe, which is often the precursor to a violent retracement as late-entry "longs" get squeezed out. 📉
Volume Exhaustion: While volume remains relatively high, the buying pressure is no longer resulting in higher highs. This "churning" at the top suggests that distribution is happening—whales are selling their positions to retail traders who are buying the "dip," but the dip isn't bouncing. 🪤
Extreme Overextension: OPN is still up over 96% in the 24-hour window. Since there are no major support structures built between 0.4731 and 0.6969, a break below current local support could lead to a "vacuum drop" toward the mid-range of today's pump. ⛽
