A $1.13K LONG liquidation just hit $OPEN at $0.16942, flushing leveraged long positions and resetting short-term market structure. This liquidation sweep clears weak hands and often opens a volatility window as price looks for its next direction.

With leverage removed, $OPEN is now trading at a key reaction zone. If buyers step in and defend this level with volume support, $OPEN could attempt a recovery move. Failure to hold may lead to further downside exploration before balance is restored.

Trade Setup

EP: 0.1675 – 0.1710

TP1: 0.1815

TP2: 0.1975

TP3: 0.2200

SL: 0.1625

Post-liquidation moves can be sharp — let price action confirm direction.

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