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This $OPN chart is a perfect example of why you never chase the wick.
Look at that massive pump to $0.60 followed by an immediate $0.32 rejection. Someone got caught at the top big time. We’re currently down 24% and basically sitting at the open price of that initial surge.
The volume is huge but the red candle is swallowing the momentum. If $0.32 doesn't hold as support, this is going straight back to the $0.10 basement where it started. I'm staying away until the dust settles and we see a real base form.
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