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$OPN 1H: Bulls Defending Trend — Buy the Retest, Not the Panic
📊 Timeframe: 1H
Market Bias: 🟢 Bullish (Short-Term)
Despite the sharp rejection from 0.0759, the 1H structure remains bullish. Price is still trading above MA(25) and MA(99), indicating the higher-timeframe trend is intact. The latest red candle appears to be profit-taking rather than a confirmed trend reversal.
🎯 Trade Setup — LONG (Preferred on Pullback)
Entry Zone: 0.0698 – 0.0708
Stop Loss: 0.0678
TP1: 0.0735
TP2: 0.0759
TP3: 0.0785
Risk : Reward: 1 : 2.8
Trade Invalidation: 1H candle closes below 0.0678 with increasing sell volume.
📈 Technical Analysis
✅ Price Action: Higher highs & higher lows remain intact despite rejection.
✅ Market Structure: Bullish BOS remains valid on the 1H chart.
✅ Support: 0.0695–0.0700, then 0.0678.
✅ Resistance: 0.0735 → 0.0759 → 0.0785.
✅ MA Trend: Price is above MA(25) and MA(99), confirming bullish trend alignment.
✅ Volume: Breakout volume expanded, but the rejection candle suggests profit-taking. Watch for buyers to return on the retest.
✅ SMC: Liquidity above the recent high (0.0759) has likely been swept. A retest of the bullish order block near 0.0700 offers a higher-probability entry.
✅ FVG: A small bullish imbalance below current price may act as a support zone if revisited.
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