$OPN — parabolic move fading, sellers stepping in after exhaustion

SHORT $OPN

Entry: $0.580 – $0.595

SL: $0.635

TP1: $0.520

TP2: $0.470

TP3: $0.420

Why?

Price exploded from sub-$0.30 to a high near $0.75 in a vertical move, now showing clear signs of distribution. Volume is diverging on the push higher, and price has rolled over sharply from the peak. Lower timeframes show sellers absorbing bids with each recovery attempt getting capped. Structure suggests the move is exhausted, and downside could accelerate if support breaks.

Invalidation if OPN reclaims $0.635 with strength.

Trade $OPN here 👇

OPNUSDT

Perp

0.5736

-12.93%