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$OG /USDT – Massive Bullish Spike, Entering Price Discovery
$OG is currently trading at $5.401, showing an enormous and rapid bullish spike, breaking well above its previous 24-hour high of $6.666. This kind of parabolic move is often driven by strong sentiment and can be highly volatile.
Trade Setup (High Risk, Momentum Play):
Potential Support Zone (for pullbacks): $5.00 - $5.20 (very tentative due to the nature of the move)
Immediate Target: $6.00 (psychological level)
Further Targets: Price discovery above the 24-hour high - use Fibonacci extensions or psychological levels if it breaks.
Stop Loss: Consider a wider stop loss initially due to volatility, perhaps below $4.80 or even $4.50 depending on your risk tolerance. Tightening this aggressively as price moves up is crucial.
Caution: This type of parabolic move carries significant risk of a sharp correction. If you're entering now, do so with extreme caution and consider a smaller position size. Focus on managing risk and locking in profits along the way. Watch for signs of exhaustion like decreasing volume or large red candles.
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