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【$OPN Signal】4H overbought pullback, waiting for 0.216 sniper to go long
$OPN 4H RSI soared to 71.67, buying volume clearly disconnected, 1H also shows continuous selling pressure. Current price 0.217, just one step away from the previous high of 0.2283, but selling pressure is rapidly being absorbed—Bid/Ask depth ratio is 0.55, with sell orders twice as thick as buy orders. Bullish momentum is weakening, and a short-term correction is highly likely.
If you want to go long, wait near 0.216 to enter, place stop loss at 0.180, the risk-reward ratio is average, but the risk of catching a flying knife at high levels is also significant. First target is 0.218, wait to see if it stabilizes before aiming for 0.219.
⚡Entry: Place a limit buy order at 0.216🛑Stop loss: 0.180🚀Target 1: 0.218🚀Target 2: 0.219
🛡️Management: Reduce to half position at 0.218 and move stop loss to entry price, remaining position looks at 0.219. If the price falls below 0.216 and rebounds are weak, abandon the plan and do not chase short.
In this narrow range, you must keep a close eye on depth; 0.216 is a recent dividing line between bulls and bears. After the order is filled, if 1H volume increases and pulls away from the cost zone, add to the position.
Check real-time market 👇 $OPN
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