【$OPN Signal】Long + 1H level short squeeze initiated, funds pouring in to support the price

$OPN The 1H level is currently consolidating at a high after a violent rally, with a strong bullish confirmation from a single 4H candle. The price refused a deep correction after a 90% increase, and the order book shows buy orders far exceeding sell orders (depth imbalance of 31.34%), which is a typical short squeeze structure. Open interest remains high, and the funding rate is only 0.005%, indicating there is still room for shorts to be squeezed. Don’t wait for a perfect correction; the main players are defending the price.

🎯Direction: Long (Long)

🎯Entry/Order: Enter immediately at the current price range of 0.627 - 0.630 (Reason: Strong consolidation, substantial buy order depth, refusing deep correction )

🛑Stop loss: 0.615 (Reason: Break below the current consolidation support and dense buy zone )

🚀Target 1: 0.680 (Reason: Resistance near the previous high of 0.697 )

🚀Target 2: 0.750 (Reason: Based on the 1.618 Fibonacci extension of the breakout rally )

🛡️Trade management:

- Position suggestion: Light position (Reason: Daily gains are already significant, volatility is extremely high )

- Execution strategy: This is a momentum game. After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price. If the price quickly surges above 0.68, consider partial profit-taking.

Depth logic: This is not technical analysis; it’s a capital game. The 4H volume exploded, the price doubled, but open interest remained stable, indicating it’s not just retail FOMO, possibly institutional funds locking in positions. The order book shows over 130,000 contracts stacked from 0.626 to 0.6259, forming a defensive barrier. Sell orders are relatively sparse, with lighter selling pressure above. Combined with a positive funding rate that’s not high, this is a healthy early-stage short squeeze characteristic. Shorts covering will further push the price higher.

Check real-time market 👇 $OPN

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