OPEN (SPOT)BINANCE:OPENUSDT
#OPEN/ USDT
Entry(0.4100- 0.4300)
SL 4H close below 0.4000
T1 0.5200
T2 0.6700
T3 0.7800
Extra Target is optional 0.9000
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Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
OPENLEDGERUSDT.P trade ideas
OPENUSDT: short setup from daily support at 0.7062BINANCE:OPENUSDT.P is holding above the 0.7062 level.
However, the more frequently this level is tested and the weaker the bounces from it become, the higher the probability of a short scenario.
An additional sign of weakness is that the asset is not reacting to Bitcoin's rally.
Key factors for this scenario
Global & local trend alignment
Price void / low liquidity zone beyond level
Asset decoupled from the market
Volatility contraction on approach
Immediate retest
Repeated precise tests of the level
Consolidation with price compression
OPENUSD: short setup from daily support at 0.8213BINANCE:OPENUSDT.P
The level is local and fresh, which means it's not strong. However, below it lies a "clean zone" with no obstacles to a free fall. This factor lowers the requirements for the level's strength; a break below it, even though weak, could trigger panic selling as it serves as the only reference point. This panic, in turn, would only accelerate the fall.
Therefore, I am closely watching how the asset approaches this level. A sharp move into it is undesirable.
Key factors for this scenario
Global & local trend alignment
Price void / low liquidity zone beyond level
Volatility contraction on approach
Immediate retest
Repeated precise tests of the level ("sticking")
OPEN - 35% UP!🔥 NASDAQ:OPEN just pumped +35% from my bottom call! 🔥
Top tier #AI project & Current market cap is only ~$220M, and the price is down 55% from the ATH at listing, plenty of upside left?
What’s next?
If price consolidates above the main channel trend and holds $0.98, I’m expecting another leg up 🚀
Key resistance levels:
🔸$1.22 – $1.28
🔸
Keep this one on your radar! 👀
Totally Guessing the Forecast of OPEN/USDT Using fractals and wave counts, I "drew" a forecasting of the price movement for OPEN/USDT.
This is in no way shape or form my way of saying "this is what's going to happen". It is, however, my way of gaining a prospective possibility for the price movement.
Will be interesting to see how close to the actual price movement this is, if at all!
NOT INVESTMENT ADVICE | I AM NOT EVEN INVESTED IN THIS ASSET | D.Y.O.R.
Have a good weekend everyone!