$OG /USDT Trading Signal – Consolidation Near Support
Current Price: $4.915 (-0.97%)
24h Range: $4.891 - $5.062
24h Volume: 474,454.10 OG
Observation:
OG/USDT faced resistance at $5.062, resulting in a pullback to $4.915. The price is holding near a key support zone, with potential for a rebound or further decline depending on market momentum.
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Trading Plan (1H Timeframe):
Long Entry: $4.890 - $4.920
Targets:
T1: $4.970
T2: $5.020
T3: $5.100
Stop Loss: $4.850
Alternate Plan:
If price breaks below $4.890:
Short Entry: $4.880 - $4.850
Targets:
T1: $4.800
T2: $4.750
Stop Loss: $4.930
Analysis:
The MACD indicates slight bearish momentum, with the price testing support at $4.891. If support holds, a quick rebound toward $5.020 is possible. A breakdown below $4.890 may accelerate selling pressure.
Strategy Advice: Monitor volume for breakout confirmation. Use tight stop-losses and secure profits at target levels.
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