This round of liquidation came in very decisively. $OPN spent so long grinding near the top, but in the end it still drove the short-side move through. During the session, many people wanted to buy the rebound, but I instead kept watching the sell pressure above; the closer the price got to the key zone, the less strength it had—its structure clearly changed.

What really caught my attention was OPN repeatedly failing to break through around 0.1710. The rally didn’t follow through, but the pullback was faster and faster each time. This isn’t just a simple range-bound move; the bulls have started losing initiative, so I chose to handle it according to the short-side rhythm.

Now the price is at 0.061, and this position is already up +3097.88%, with market upside/follow-through room releasing pretty smoothly. Those with heavier positions can consider splitting the trade with an 80/20 approach: lock in part of the profits first, and keep the rest with a protection level to see if it can extend further.

If you haven’t entered yet, don’t rush. Chasing after it drops can easily get you washed out by a rebound; don’t chase—wait for the next opportunity.

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