$OPN has been making some serious moves! It skyrocketed 64% in 24 hours, but after hitting 0.27, it's currently retracing to around 0.20.
Key focus is on the capital flow: even though the charts show smaller trades are selling, overall funds are net outflowing, yet large orders have a net inflow of 3.04 million (check out that green bar at the bottom of the chart). This is a classic case of 'whales accumulating while retail traders panic and run.'
From my experience, this kind of 'whales in, retail out' shakeout trend, as long as it doesn't break the crucial support at 0.20, is likely to push upwards again. But with the market being super volatile lately, don't chase the pumps or dumps; manage your position wisely!
Key focus is on the capital flow: even though the charts show smaller trades are selling, overall funds are net outflowing, yet large orders have a net inflow of 3.04 million (check out that green bar at the bottom of the chart). This is a classic case of 'whales accumulating while retail traders panic and run.'
From my experience, this kind of 'whales in, retail out' shakeout trend, as long as it doesn't break the crucial support at 0.20, is likely to push upwards again. But with the market being super volatile lately, don't chase the pumps or dumps; manage your position wisely!