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💰 $OPEN FURTHER EXPLANATION OF THE DEVELOPMENT
🔽 SHORT
✳️ ENTRY: 0.2085 – 0.2140 – 0.2200
🎯 TARGET: 0.2029 – 0.1980 – 0.1910 – 0.1839 – 0.1792 – 0.1670 – 0.1500
🀄️ LEVERAGE: 10x
🔴 STOPLOSS: 0.2250
#OPEN shows a clean bearish structure after rejection from the 0.29 area, forming higher low and lower low with consistent downside pressure. The price is currently trading below MA25 and MA99, repeatedly failing to reclaim both—clear signs of trend weakness. The latest bounce attempt is being sold, indicating strong supply zones above. MACD remains in bearish territory with increasing negative momentum, and RSI is near oversold conditions but has not yet shown a strong reversal signal—this often leads to continued decline rather than an immediate bounce.
The current position near the MA200 support is very important—any rejection from attempts to reclaim it could accelerate the downside movement. The best approach is to enter gradually at resistance zones while allowing momentum to move toward deeper targets.