🔴 fading
$OPN into this bounce, short's live
OPN can't hold a bounce and the next supply unlock hasn't even hit yet
daily trend stays broken and bitcoin's own risk-off mood is dragging every alt lower with it, this name gets zero benefit of the doubt.
rsi sits in that soft middle zone with room to keep sliding, and the last leg down came on real volume, not some thin wick.
OPN's next token unlock lands august 5, adding roughly 2 million dollars of fresh supply, about 3.2% of the total, onto a chart that already can't catch a bid.
🔴 OPN futures short · 3x iso
entry 0.0623 to 0.0617
stop 0.0679 (10.0% risk)
tp1 0.0524 (+15.1%)
tp2 0.0431 (+30.1%)
r/r 1.5
already in the fade, banking part of it at the first target and trailing the rest if it keeps rolling over. reclaims the line and I'm out, no debate. pull up
$OPN on binance and run your own size on it.
manage your own size. this is my read, not your permission. levels are on the chart.
$OPN #OPN #crypto