【$OPENUSDT】Don't rush to buy the dip or chase the high, check this first


$OPEN RSI skyrocketed to 82, buy orders are breaking down, could crash anytime. On the 4-hour timeframe, price surged to the upper Bollinger Band, but the MACD histogram is starting to compress with obvious volume-price divergence. Pre-US market open gaming period, extremely thick pending orders at 0.176 to 0.177 above with heavy selling pressure. Buying interest at 0.173 to 0.174 below is decent, but depth is far behind the sell side. Funding rate turned positive but magnitude is limited, weak momentum buying appetite.
Direction: Stay in cash
The risk-reward ratio isn't worth it here, aggressive buying is easy to get trapped. Wait for it to pull back near 0.168 to observe absorption strength, or consider buying the right side after volume breakout through 0.178. Best to just watch for now.
Check live market 👇 $OPEN
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OPEN11,32%
BTC2,75%
ETH2,79%
SOL3,27%
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