🚨 Setting up a short trade $OPN 📉🔥
I'm watching $OPN for a potential short opportunity with a price retest of a key resistance zone. Sellers might regain control if the bearish pressure continues to escalate. 👀⚡
📊 Trading plan: 🔹 Entry zone: 0.07496 – 0.07593
🛑 Stop loss: 0.07833
🎯 Profit targets: ✅ TP1: 0.07256
✅ TP2: 0.07160
✅ TP3: 0.06968
📈 Why this trade? The price has returned to the resistance area 0.07496 – 0.07593, keeping the short scenario valid on the four-hour (4H) chart. The daily structure is still moving within a sideways range, while the RSI on the 15-minute chart is hovering around 53, indicating neutral momentum that allows for further downward movement. Additionally, the current trading volume remains relatively weak compared to the hourly average (1H), suggesting that the current bounce lacks sufficient strength and may face rejection from this zone.
⚠️ Risk management: Always manage your position size and stick to your stop loss. Market conditions can change rapidly.
Not financial advice. Trade responsibly and always do your own research. 🚀📉
I'm watching $OPN for a potential short opportunity with a price retest of a key resistance zone. Sellers might regain control if the bearish pressure continues to escalate. 👀⚡
📊 Trading plan: 🔹 Entry zone: 0.07496 – 0.07593
🛑 Stop loss: 0.07833
🎯 Profit targets: ✅ TP1: 0.07256
✅ TP2: 0.07160
✅ TP3: 0.06968
📈 Why this trade? The price has returned to the resistance area 0.07496 – 0.07593, keeping the short scenario valid on the four-hour (4H) chart. The daily structure is still moving within a sideways range, while the RSI on the 15-minute chart is hovering around 53, indicating neutral momentum that allows for further downward movement. Additionally, the current trading volume remains relatively weak compared to the hourly average (1H), suggesting that the current bounce lacks sufficient strength and may face rejection from this zone.
⚠️ Risk management: Always manage your position size and stick to your stop loss. Market conditions can change rapidly.
Not financial advice. Trade responsibly and always do your own research. 🚀📉