2025-12-24 18:23:14

OPEN is currently consolidating within a falling channel following a sharp impulse rally. What we're seeing here is pure digestion—not capitulation. The market is accumulating strength as retail traders get shaken out of their positions.

The $6 support zone remains rock solid. Once momentum breaks above the channel, things could move fast. Weak hands keep getting liquidated while serious positions stack up at support.

This setup screams measured move potential. The technicals suggest upside breakout is building. Hold your positions tight—the digestion phase always looks scary, but it's setting up for the next leg.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
4
Repost
Share

Comment

0/400

SelfMadeRuggee

· 3h ago

Weak hands are being wiped out, smart money is accumulating, this tactic is old.

View OriginalReply0

StableGenius

· 4h ago

nah the measured move math here doesn't actually check out... empirically speaking, when retail gets shaken out this hard, breakouts tend to fizzle. let me explain why—$6 support is "rock solid" until it isn't, contrary to popular belief that conviction matters in these setups. been down this road before, the channel's too clean, too textbook. something feels off fr

Reply0

SilentAlpha

· 4h ago

Haha, that's really how it is. Weak hands have been washed out all along. Who dares to move with such strong 6 support? --- During the digestion phase, it does look uncomfortable, but the old guy is right—ultimately, it's about eating the meat. --- It's just tormenting retail investors, this game has deep套路. --- Is the saying about measuring targets always effective? I'm a bit skeptical. --- Just hold tight, anyway, if it can't break the 6 support, it'll eventually bounce back. --- The technical charts sound pretty good, but I still prefer to bet on Xu. --- Who is serious and who is just along for the ride? We'll find out next week.

View OriginalReply0

MetaMisery