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【$OP Signal】Short Position | Downtrend accompanied by abnormal open interest, wait for clear structure
$OP Price decline accompanied by high open interest, market logic indicates caution for main force distribution or long liquidation risk. Currently lacking clear price action support structure.
🎯 Direction: Short Position
Price has not shown effective absorption or stabilization at the key support area (near previous lows), and volume and open interest data suggest potential selling pressure. Market sentiment is leaning towards panic and hesitation. Entering now offers a poor risk-reward ratio. Wait for the price to form a clear absorption pattern at lower levels (such as a volume spike Pin Bar, double bottom on the hourly chart), or for signs of supply after a rebound to resistance levels before making a decision.
Small loss, big profit—aim for high-probability trades. Be patient for high-probability structures to appear.
Trade 👇 $OP
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