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This wave is not a normal pullback; it's an active sell-off after high-level pressure.
When $OPN was around 0.0886, the order book felt awkward: the sell walls looked thick, but they were smashed as soon as price pushed up; on the downside, as soon as it broke slightly, follow-up orders hesitated immediately. Many people thought it was just a washout at the time, but I was more concerned about the weakening rebound strength.
I held the short position until now, price has reached 0.0664, and the current +1201.23% has been realized. The trend extension is obvious, indicating that the bullish expectations piled up at the previous highs are starting to loosen, funds are unwilling to continue to push against, and the bears have room to create volatility.
I won't play dead and hold to the end after such gains; 80/20 management suits my pace better—first lock in profits in batches, then set a protective stop for the remaining position to see if it continues to drop. Those who missed out shouldn't rush to short; urgent orders are most likely to catch short-term bottoms—wait for a bounce to get a more comfortable entry.
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