【$OPN Signal】Long + Retracement after 1H violent surge

$OPN The 1H timeframe just experienced a historically massive surge, with a single candle increasing over 30%, currently in a strong consolidation at high levels. The 4H timeframe shows a large bullish candle completely engulfing the previous 5 candles, indicating a strong trend reversal signal. The current price retracement after the rally is a typical strong correction, and stable Open Interest (OI) suggests that funds have not exited, indicating this is a shakeout by the main force rather than a distribution.

🎯Direction: Long (Long)

⚡Entry/Order: 0.5622 - 0.5650

🛑Stop Loss: 0.5450

🚀Target 1: 0.5950

🚀Target 2: 0.6200

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 0.5650. Hold the remaining position towards Target 2. If the price strongly breaks through 0.60, consider moving the stop loss up to 0.5850.

(Depth Logic: The 1H RSI reaches 78.97, indicating extreme strength, but it has not immediately pulled back, showing ample buying power. The order book depth shows a large accumulation of sell orders above 0.5668; once broken, it could trigger a short squeeze. The buy/sell ratio on the 4H timeframe during the latest surge has shifted to 0.49, approaching equilibrium, indicating that many shorts have been liquidated and selling pressure is easing. It is recommended to place orders within the high-probability suggested_entry zone provided by the main force. )

View real-time market 👇 $OPN

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