Most traders see price holding above support on $OPN , but I’m watching the repeated failures near resistance. That’s where the real story is being told.
$OPN /USDT – SHORT-TERM BEARISH
Trade Plan
Entry: $0.0990 – $0.1015
SL: $0.1045
TP1: $0.0940
TP2: $0.0880
TP3: $0.0808
Why This Setup?
4H Structure: OPN remains capped below the key resistance zone around $0.1034, keeping the lower-high structure intact and favoring sellers in the near term.
Price Positioning: Price is trading close to the MA(25) resistance area, where previous recovery attempts have struggled to gain momentum.
RSI & Momentum: Short-term momentum remains weak, with buyers unable to generate a convincing breakout above nearby resistance levels.
Volume Behavior: Recent rallies have shown limited follow-through, suggesting demand is not strong enough to absorb sell-side pressure near resistance.
Daily Context: The broader structure remains vulnerable while price trades below resistance. A rejection from the MA(25) zone could accelerate downside movement toward the $0.0808 support area where stronger liquidity may exist.
As long as $0.1034 remains unbroken, sellers maintain control and downside continuation remains the higher-probability outcome.
Debate:
Is OPN preparing for another rejection from resistance and a move toward $0.0808...
Or will buyers reclaim the MA(25) zone and flip market sentiment back to bullish?
Click Trade here 👇🏻
