$OPEN/USDT - Breaking Above MA60 After 16.37% Surge
OPEN has surged 16.37% to $0.1784, breaking above the key MA60 resistance at $0.1771. The asset is now testing this level as potential support. With the "Gainer" tag and strong momentum, a hold above the MA60 could signal further upside towards the 24h high.
Key Levels:
Support: $0.1771 (MA60) / $0.1758 (Local)
Resistance: $0.1901 (24h High) / $0.2000 (Psychological)
Trade Idea (Long on MA60 Support):
Entry Zone: $0.1772 - $0.1780 (On a retest of MA60 as support)
Stop Loss (SL): $0.1745 (Below the MA60 and local support)
Take Profit Targets (TP):
TP1: $0.1850
TP2: $0.1901 (24h High)
TP3: $0.2000
Rationale: The breakout above MA60 on strong momentum suggests a potential trend change. Buying on a retest of the MA60 as support offers a favorable risk-reward for targeting the recent high and beyond.
#OPEN #Layer1 #BreakoutTrading #USDTfree #BukhariTechTips
