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Judging from earlier performance, the “false rebound” style of $OPN was quite obvious. It failed to keep going after being pushed up, and instead kept sinking lower and lower. At this kind of position, I generally stay more alert to bullish exhaustion.
This time, going long was not a spur-of-the-moment decision. After a signal was given around 0.0886, I focused on whether the price could regain volume and hold steady. As it turned out, the current price came to 0.0613, and the +1478.43% also released accordingly—so the short-side timing was essentially confirmed.
My trading habit is: during the profitable phase, don’t fantasize about taking the whole run in one bite. Downside profits come fast, and it’s also easy to give them back. When handling it, stay calm—let the protection level follow the structure, so you won’t be thrown off by just one or two rebounds.
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