$OPN Short Setup
That 95% confidence rating isn’t signaling strength—it may be setting up a trap for traders chasing longs too late.
Trade Plan
Entry: 0.0851 – 0.0857
Stop Loss: 0.0885
TP1: 0.0831
TP2: 0.0815
TP3: 0.0792
Why this setup stands out
The 15-minute RSI is sitting near 31, indicating oversold conditions, but the broader daily range structure continues to favor sellers, limiting bullish follow-through.
An entry around 0.0854 offers attractive downside potential, with targets extending beyond 7% from the setup zone.
ATR at 0.002743 points to compressed volatility. When volatility contracts near key levels, breakdowns can become sharp and aggressive once support gives way.
Key Question Are you entering short on a confirmed break below 0.0854, or waiting for a potential liquidity grab toward 0.0885 before looking for rejection and downside continuation?
