$OG /USDT – Potential Reversal Ahead?
Current Price: $5.34 (+8.85%)
Reason:
Despite the strong daily gain,$OG is showing early signs of rejection from the $5.60 resistance zone. The price is currently below the 7MA ($5.42), and bearish divergence may be forming between price and volume (volume is dropping while price is trying to push higher). This setup hints at a potential loss of momentum.
Short Setup (Cautious Traders Only):
Entry Zone: $5.35 – $5.45
TP1: $5.08
TP2: $4.88
SL: $5.59
Key Observations:
Price rejected near $5.60 (24h high)
MA(7) now turning flat/down
Volume declining on recent green candles
Pro Tip:
Look for confirmation with a bearish engulfing or lower high on 1H before shorting. Avoid shorting too early if bullish sentiment stays strong.
