$OG /USDT – Correction Phase After Strong Rally
Current Price: $13.381
24h High: $15.489
24h Low: $11.039
Analysis
OG has shown a significant pump, almost doubling from the previous low, reaching a high of $15.489. However, after this strong rally, we are now witnessing a correction phase. The price is retracing back towards support levels, and the first support at $13 has broken down. Despite this, the $11 level remains a strong support zone that could hold the price in the short term.
Key Levels:
Support: $11
Resistance: $15.50
Trade Setup
Entry Zone: Consider entering at or near the support level of $11.
Stop Loss: Below $11 for added protection.
Target 1: $13
Target 2: $15.50
The correction provides a potential buying opportunity near the $11 level, as it remains a solid support zone. Keep an eye on further developments to confirm the bounce.