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09-24

$Opendoor Technologies Inc(OPEN)$ 🔥📉🚀 $OPEN Smashes Into Demand Zone After $95M Shareholder Dump 🚀📉🔥

$OPEN fell -8.3% today after a top shareholder unloaded ~$95M worth of stock (Reuters). That takes its 4-day decline to 23%; yet it’s still up more than 13-fold since July, the paradox of meme momentum.

📊 Technical Setup

The 4H chart shows $OPEN now testing a major demand zone at $7.50–$7.80. A strong bottom wick hints that buyers are defending, but the channel downtrend remains intact. Keltner and Bollinger overlays confirm price pressing into lower volatility bands after the flush. On the 30m chart, EMAs are still stacked bearish, yet repeated intraday wicks suggest early reversal attempts.

📰 News Flow & Sentiment

• Block Sale Overhang: The $95M top shareholder exit explains the acceleration lower.

• Housing Macro: US new single-family home sales for August are expected to slow slightly to 650K annualized, adding pressure to Opendoor’s housing-linked model.

• Meme Rotation: Hedge fund George Noble went public questioning the company’s model, while Eric Jackson, who helped ignite the $OPEN meme run, shifted focus to Better Home & Finance, calling it his next “100-bagger.” $OPEN sank, while Better surged +27%.

• Leadership & Hype: New CEO Kaz Nejatian has been vocal on social media, announcing expansion from 50 markets to all 50 states and teasing a new product. Bulls point to growth; bears highlight unchanged profitability.

🧠 Psychology & Discipline

1. Acknowledge: $OPEN trades on hype and flows, not fundamentals. Volatility is structural.

2. Risk Plan: A -8% dump is survivable only if you sized correctly. Stops must be defined before entry.

3. Don’t Chase: Meme dumps trigger revenge trades. That’s how one bad trade multiplies.

4. Process > Outcome: A disciplined loss strengthens your edge. A random win erodes it.

5. Zoom Out: Ask: is this move just meme volatility, or part of a broader housing/market rotation?

🔮 Big Picture

$OPEN embodies the meme paradox: it’s still up 13x since July, yet insiders are cashing out and sentiment leaders are rotating. Bulls argue Nejatian’s push could refresh momentum; bears warn fundamentals will matter again.

👉❓Do you see this $OPEN demand zone as a launchpad for another meme surge, or just a trap in a fading rally?

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Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀

@Tiger_comments @TigerStars @TigerPM @1PC 

# Opendoor Technologies Shares Fall Due to Top Shareholder Selling $95 Million Worth of Shares

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（5）

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  • Queengirlypops
    ·09-24
    TOP
    I can’t stop thinking about how the CEO hyped expansion to all 50 states while the stock cratered into demand. That tension is insane. Price action is saying one thing, flow is saying another, and that’s where the edge sits. Wild setup and feels like pure meme energy
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  • Tui Jude
    ·09-24
    TOP
    🏠That housing sales data you included is the real kicker. Slowing to 650K annualized puts a spotlight on how $OPEN’s model is tied to the macro. It’s why I keep comparing it to $Z when looking at volatility. Macro context explains a lot of these sharp meme moves.
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  • Cool Cat Winston
    ·09-24
    TOP
    📉I’m with you on how the psychology matters more than the chart sometimes. Seeing that $OPEN dump right into the demand zone reminded me of when $CVNA was in freefall but still pulled wild rebounds. The risk sizing piece you wrote about is exactly what keeps traders alive.
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  • Hen Solo
    ·09-24
    TOP
    📊The part on Noble’s comments and Jackson rotating into Better Home & Finance is such a perfect example of meme leadership. One tweet and money moves. I saw the same thing happen with $GME early in the cycle. Traders forget how sentiment can matter more than fundamentals.
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  • Kiwi Tigress
    ·09-24

    Great article, would you like to share it?

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