I’m looking at $OPEN because it has been hit hard today, dow
Marcus Corvinus
Updated at: 3 hours ago
{"content":"I’m looking at $OPEN because it has been hit hard today, down almost -20%. Price ran as high as 0.9952 but then sold off heavily, now holding around 0.7791 and just above the 24h low of 0.7741. Sharp drops like this often trigger panic, but if the support zone holds, it can also create a strong bounce opportunity.
Trade Setup for $OPEN
Entry Point:
I’m looking to enter in the 0.7700 – 0.7850 zone where price is testing support.
Target Points:
🎯 Target 1: 0.8200 (first bounce level)
🎯 Target 2: 0.8700 (next resistance area)
🎯 Target 3: 0.9200+ (bigger relief rally if momentum picks up)
Stop Loss:
Below 0.7550 to protect from deeper downside.
Why this works
The selloff has already been steep, but volume is heavy and price is finding buyers above 0.7741. That zone is becoming a critical support. If buyers defend it, we could see a quick recovery bounce toward higher resistance levels. I’m keeping my risk tight, but this kind of setup often rewards fast movers.
Let’s go and Trade now $OPEN ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/22/951b0ead059a4d729e7ed0b243766788.jpg"],"tags":[],"tradingPairs":["OPEN/USDT"],"quotearticleid":0}