$OPN After a sharp sell-off from 0.34 → 0.24, OPN is now showing a short-term reaction from support. The key question: is this a real recovery or just a temporary bounce?
Current Market Structure
Strong bearish momentum on 4H
Panic selling followed by a quick bounce from 0.2449 support
Volume spike during dump → signs of forced selling/liquidations
Price now trying to stabilize near 0.26 zone
Trade Plan
Scenario 1: Short-Term Long (Bounce Play)
Entry: 0.258 – 0.265
Stop Loss: 0.239
Take Profit:
TP1: 0.283
TP2: 0.305
TP3: 0.327
Reason:
Relief bounce after heavy dump + support holding on 4H
Scenario 2: Trend Continuation (Safer Setup)
Wait for rejection near 0.28 – 0.30 resistance
Look for short confirmation (bearish candles)
Short Entry: 0.285 – 0.300
SL: 0.315
TP: 0.260 → 0.245
Reason:
Overall trend still bearish, rallies can be sold
Key Levels to Watch
Support: 0.2449
Resistance: 0.283 / 0.305 / 0.327
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