【$OPN Signal】Pullback to add longs + Short squeeze anticipation, 1H level charging up for launch

$OPN The 1H level has experienced a 94% epic surge and is currently in a high-level consolidation phase to digest the gains. The 4H candlestick closed with a long upper shadow and a pullback, but the price did not collapse, and open interest (OI) remains stable. This indicates a strong consolidation rather than distribution. Market depth shows buy orders (Bid) are significantly stronger than sell orders (Ask) with a ratio of 1.71, and the funding rate is only 0.005%, indicating no overheating risk and providing fuel for another rally.

🎯Direction: Long (Long)

🎯Entry/Order: 0.6340 - 0.6370 (Reason: Pullback to the initial support zone on the 1H level, close to dense buy order areas )

🛑Stop Loss: 0.6250 (Reason: Break below the first 4H candlestick low after the surge, indicating trend structure damage )

🚀Target 1: 0.6900 (Reason: Previous high resistance level, also the first 4H high point after the surge )

🚀Target 2: 0.7350 (Reason: Breakout of the previous high and the 1.382 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Extremely high volatility, large single-day gains, need to guard against sharp shakeouts )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks above 0.6900 and stabilizes, consider targeting 0.7350 for the remaining position.

Depth logic: This is a healthy pullback after a typical short squeeze. After a 94% surge, OI remains stable rather than decreasing, indicating that the main bullish players have not exited, and shorts are still under passive pressure. The current narrow consolidation on the 1H level, combined with a 26.32% depth imbalance (buy dominance), is a typical accumulation/charging pattern. Market logic suggests that position size should be judged based on open interest; current data supports the "main force defending the market" logic rather than the "shorts crushing" end. Once buy orders regain strength, a secondary short squeeze is highly likely.

View real-time quotes 👇 $OPN

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