That wick down on OPEN looks heavy to me. Didn't bounce clean, just kind of hung there. That's not a rejection, that's sellers in control. I'd want to see it reclaim before touching this one.
That "hanging" action is just thin order books absorbing the initial dump, weak hands flushed, not sellers pressing new shorts, and the base rate on these over-extended high-volume flushes is a snap recovery way more often than continuation.
open had its moment last cycle and never really delivered on the ai data layer promises tbh. btc oi pumping while this thing bleeds is rough, not exactly inspiring confidence rn.
That wick down on OPEN looks heavy to me. Didn't bounce clean, just kind of hung there. That's not a rejection, that's sellers in control. I'd want to see it reclaim before touching this one.