This isn't a breakout. It's a bull trap in a downtrend.

$OPEN /USDT — Coiling Below Resistance 🐍

Price is grinding right below the converging EMA(25) and EMA(99). The bounce is weak, volume is drying up, and the macro trend is still down. This coil is setting up for a breakdown, not a breakout.

🔴 SHORT SETUP

📌 Entry Zone:

0.1550 – 0.1570

🎯 Targets:

🥇 TP1: 0.1490

🥈 TP2: 0.1450

🥉 TP3: 0.1408 (Recent Low)

🛑 Stop-Loss:

0.1585 (Above the EMA cluster and local high)

Why This Could Work (trader logic only)

✅ Compression at Resistance: Price is coiling under major dynamic resistance (EMAs). Breakouts from compression typically follow the prior trend—which is down.

✅ Weak Momentum: The RSI is stuck in the 40s, showing no real bullish strength.

✅ High Timeframe Downtrend: The 90D chart is down -55%. This bounce is just noise.

⚠️ Important Rule:

Wait for a clear rejection and break below the immediate support. A decisive move above 0.1585 invalidates the setup and could lead to a test of higher resistance. This is a range breakdown play—if the range holds, get out.