$OPEN USDT BULLISH MOMENTUM BUILDUP
OPEN is maintaining a constructive bullish structure with price holding above all major trend-defining moving averages. EMA(7) remains above EMA(25), and both are positioned well above EMA(99), confirming strong short-term momentum aligned with the broader upward trend. This stacked EMA formation reflects sustained buyer dominance.
Price action is forming consistent higher lows while pressing toward a nearby resistance zone, signaling accumulation and potential breakout pressure. Rising participation during upward pushes suggests demand is supporting the move, increasing the probability of continuation toward higher resistance levels.
Trade Setup:
Long Entry: Break and sustained hold above the immediate resistance barrier
Stop Loss: Below the most recent higher-low structure and under EMA(25)
Targets:
TP1 – Initial resistance extension beyond the breakout level
TP2 – Next supply zone from prior rejection area
TP3 – Trend expansion target near the upper volatility range
Risk Management:
Use controlled position sizing, secure partial profits at the first target, and trail the stop loss as price advances to lock in gains while allowing room for trend continuation.
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