$OPN showing distribution structure — downside continuation favored.
🔻 SHORT $OPN
Entry Zone: 0.62 – 0.68
Stop Loss: 0.70 / 1–5% portfolio risk (position-sized accordingly)
Target 1: 0.45
Target 2: 0.32
Target 3: 0.20 and below
$OPN appears to be trading within a broader bearish structure, with rallies into the 0.62–0.68 region likely acting as supply. The wide entry band suggests selling into strength rather than chasing breakdowns.
Momentum favors the downside as long as price fails to reclaim higher resistance levels. A sustained rejection from the entry zone opens the path toward 0.45 liquidity first, followed by deeper downside into 0.32. If broader market weakness persists, extension toward 0.20 and below remains possible.
Position sizing is critical here — manage exposure according to portfolio risk tolerance.
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