【$OPN Signal】Pullback to Long + 1H level shrinking volume stabilization, betting on a second rally

$OPN After experiencing a massive surge on the 4H level, it entered a high-level consolidation. Currently, on the 1H level near 0.57, volume is extremely thin, and price fluctuations are narrowing. This is a typical sign of an imminent short-term trend reversal. Market depth shows sell orders piling up above 0.572, but there is strong buy support in the 0.57-0.569 area below. The depth imbalance of -13.4% indicates limited short-term selling pressure, and the main force may be defending the price and accumulating positions here.

🎯Direction: Long (Long)

🎯Entry/Order: 0.570 - 0.572 (Reason: Lower boundary of the 1H consolidation zone, combined with dense buy support area )

🛑Stop loss: 0.565 (Reason: Break below current consolidation zone and previous low at 0.5562, confirming structural breakdown )

🚀Target 1: 0.615 (Reason: Previous rebound high resistance on the 4H level )

🚀Target 2: 0.655 (Reason: 4H upward wave retracement at 0.618 Fibonacci level )

🛡️Trading management:

- Position suggestion: Light position (Reason: Hot Coin is oscillating at high levels with still very high volatility )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot quickly break above 0.59, consider closing half of the position early.

Depth logic: The past 24 hours saw a 73% increase, but open interest remains stable with no significant decline, indicating profit-taking has not caused large-scale capital outflows. Currently, the 1H level volume is extremely thin at 250,000, far below average, signaling a temporary balance of bulls and bears. Combined with the buy-side depth advantage, any new capital injection could easily trigger an upward reversal. The key is whether the price can hold above 0.58 with volume.

View real-time market 👇 $OPN

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包