For all traders (long and short), this is my $OPEN technical analysis on the weekly chart: I would say I am cautiously bearish, but with a clear bullish reversal setup forming, that needs to be monitored. For a confirmed trend reversal on the weekly chart, we would ideally see price entering the green cloud (bullish “cloud break”). If we close over $5.68 this will start to look really good for a weekly reversal. For all you who want to short: I would short maybe here, with a tight stop-loss around $5.68 as well. Maybe even higher. $5.75. But cover asap if we start to stagnate in that cloud area. I wouldn't risk staying in there too long.
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