$OPEN – Weak Rejection Signals Potential Downside.
$OPEN is showing clear signs of weakness after failing to sustain momentum above the 0.275–0.280 resistance zone. The recent push upward lacked strong follow-through, and price action is now reacting negatively at this level.
📉 Trade Setup: SHORT:
Entry Zone: 0.268 – 0.278
Stop Loss: 0.285
Targets:
TP1: 0.260
TP2: 0.252
TP3: 0.240
Market Insight:
The structure is beginning to shift bearish on lower timeframes. Price is forming lower highs, indicating that buyers are losing strength while sellers are gradually stepping in at key resistance.
This type of rejection often signals distribution near the top, increasing the probability of a deeper pullback. If price continues to respect the resistance zone and fails to reclaim it with strength, the downside targets become increasingly likely.
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