The 1H chart is looking a bit overextended here. We just saw a massive vertical move, and OPN is now hitting heavy resistance around the $0.1780 - $0.1800 supply zone. I’m expecting a cooling-off period or a healthy rejection before any further upside.
The Setup: Short Bias
Momentum is starting to divergence on lower timeframes, and with the "Short Covering" rally hitting a wall, I'm looking for a mean reversion play back toward the EMAs.
SHORT OPN/USDT
Entry Zone: $0.1770 - $0.1785
Targets:
TP1: $0.1740
TP2: $0.1710
TP3: $0.1685
TP4: $0.1650 (Moonbag)
Stop Loss: $0.1825 (Close above resistance invalidates the setup)
Leverage & Margin: Keep it professional 3x to 5x leverage max. Don't go "all-in" on one candle. Use 2-3% of your wallet margin.
Risk Management Tip: As soon as we hit TP1, close 25% of your position and move your Stop Loss to Entry. This makes it a "risk-free" trade. Protect your capital first!
Stay disciplined and trade what you see, not what you feel. 👀