【$OPENUSDT】Bulls and Bears Intensify

$OPENUSDT During intraday regular volatility, buying discontinuity is evident. After volume and price surged on the four-hour level, the latest K-line closed with a long upper shadow, with price retreating from the 0.1792 high to 0.1683, signaling exhausted bullish momentum. One-hour MACD death cross confirmed, RSI pulled back from overbought territory to 57.43, increasing short-term correction pressure. Order book shows sell orders accumulating in the 0.1684-0.1703 range, while buy orders sitting below 0.1683 are extremely thick, making the major players' intent to prop up prices too obvious. This depth imbalance typically means price will oscillate repeatedly in the current zone. Open interest remains stable but funding rates turned positive, cooling chase-the-highs sentiment.
Direction: Cash
Wait for price to rebound to the 0.1700-0.1710 zone before considering short entry, or chase shorts after breaking below 0.1673. Stop loss above 0.1735. First target around 0.1610, second target around 0.1550.
Trade Management: If it breaks directly below, enter on rebound confirmation of resistance. If rebound is weak, build position in batches.
View real-time chart 👇 $OPEN
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