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📉 $OPEN /USDT Trading Signal: Caution Ahead! ⚠️ Current P

SKAW786

Updated at: 2 hours ago

{"content":" 📉 $OPEN /USDT Trading Signal: Caution Ahead! ⚠️ Current Price:$0.8255 24H Change:-9.98% 24H High/Low:$0.9178 / $0.8260 7D Change: -31.65% Chart Analysis (1D Timeframe): $OPEN is in a steep downtrend, recently breaking below key support at $0.9178 with a sharp 9.98% drop in the last 24 hours. The price is testing the lower range near $0.8260, with bearish momentum dominating. Volume is moderate but lacks significant buying pressure to reverse the trend. Indicators Breakdown: - RSI:Dropping toward 30 (oversold territory)—potential for a bounce but no confirmation yet. - MACD: Bearish crossover, with the line below signal—downtrend intact. - Williams %R:Near -80—indicating strong selling pressure. Signal: - Action: WAIT or SHORT (if confirmed) - Entry (Short):$0.820 - $0.825 - Take Profit: TP1: $0.800 | TP2: $0.780 - Stop Loss:$0.835 (above recent resistance) - Risk/Reward: 1:2 | Position Size: 1% of portfolio Watch for a reversal signal (e.g., bullish candlestick or RSI bounce) before going long. OpenLedger’s fundamentals need monitoring—current bearish trend suggests caution. DYOR! #open #OpenLedger #CryptoTrading #BinanceSquare $OPEN ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/16/09cbaa0428e8409d9cd5b15dfdf824b5.jpg"],"tags":[],"tradingPairs":["OPEN/USDT"],"quotearticleid":0}

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