Hey guys, 👀 eyeing
$OPEN right now – it's on a strong bullish run, but showing some signs of consolidation kicking in after that push.
Volume went nuts on the latest K-line, with a huge 20.3M spike and a solid green candle from 0.1615 to 0.1807, really backing the breakout. That said, it's tapered off in the last few hours, which might mean the momentum's getting a bit tired.
Capital flows look good overall: spot's seeing positive inflows pretty much everywhere (like +158,409.32 USDT in 24H), pointing to real buying underneath. Contracts are even stronger at +758,909.38 in 24H, though that quick 5m outflow of -57,079.48 feels like some profit-taking sneaking in.
Quick notes
$OPEN : up 12.6% in the last day, smashed through resistances, and the volume plus inflows make it legit, but RSI and Bollinger are flashing overextended vibes. Watch that resistance at 0.1924 as the next hurdle – if it doesn't crack, we might dip back to support around 0.1639.
I'm cautiously long
$OPEN here, but wait for a pullback instead of chasing.
Entry around 0.1690-0.1710, near MA5 and old resistance now support.
Stop at about 3.5% below, say 0.1630 to match key levels and ATR swings.
Targets: aim for 0.1924 (Resistance) or take some off at 0.1873 (recent high).
Heads up on that RSI divergence and overbought Bollinger – keep risk tight, and if it drops under 0.1639, might flip the script on longs. What do you think about OPEN's next move?
#open #OpenUSDT #OpenLedger