$OPN Signal】Long + Strong consolidation after breakout on 1H timeframe, clear support from funds



$OPN After experiencing a massive surge, the 1H timeframe is currently consolidating strongly at high levels. A towering 4H candle establishes a bullish tone, with the current price trading sideways above the breakout level. The order book shows deep buy-side volume (imbalance of 9.91%), and open interest remains stable, indicating that major funds have not exited. This is a typical buildup structure after a breakout, waiting for a secondary surge.

🎯Direction: Long (Long)

🎯Entry/Order: 0.5580 - 0.5600 (Reason: Near the lower boundary of the strong consolidation zone, close to dense trading area )

🛑Stop Loss: 0.5450 (Reason: Break below the midpoint of the massive 4H candle and consolidation platform, invalidating the bullish structure )

🚀Target 1: 0.5800 (Reason: Psychological resistance at an integer level )

🚀Target 2: 0.6000 (Reason: 1.382 Fibonacci extension based on breakout structure )

🛡️Trading Management:

- Position Size: Light (Reason: Daily gains have exceeded 68%, volatility is extremely high, risk and opportunity coexist )

- Execution Strategy: After the price reaches 0.5800, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.5580. If the price fails to hold above 0.5600 and falls back, consider exiting early.

Depth Logic: Market logic suggests ‘price rising, consider open interest,’ currently OI is stable, price is rejecting deep pullbacks, and buy orders are dense. This looks more like main force protecting the market rather than pure short selling pressure. Although there are no historical candles on the 1H timeframe, the absolute strength on the 4H chart and the order book imbalance (buy strength 9.91% higher than sell) provide a clear short-term bullish signal. The key is whether the price can hold the newly formed support at 0.5550-0.5600.

View real-time quotes 👇 $OPN

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