$OG $OG
OG/USD Technical Analysis – 29th November 2024
OG/USD is currently priced at 5.518, trading within a critical range that could signal the next big move. As the market finds balance between support and resistance, this level presents both opportunity and risk for traders.
Key Support: 5.450
Key Resistance: 5.600
OG has established a solid support at 5.450, with recent price action bouncing off this level. A continued hold above 5.450 could set the stage for a move toward the 5.600 resistance, where profit-taking may occur. A breakout above 5.600 could potentially lead to a rally toward 5.800 or higher.
Entry Strategy:
Long: Enter near 5.450 to target 5.600 or higher if the price continues to show strength.
Short: If the price fails to hold above 5.450 and breaks lower, watch for a move towards 5.300.
With both support and resistance in clear sight, OG/USD is poised for action. Traders should stay vigilant for a breakout or pullback, as the market prepares for its next shift. Be ready to seize the opportunity!
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