Long-term trading signal for price $OG /USDT - Strong rebound from support level
Entry area: $5.30 - $5.45
Target 1: $5.75
Target 2: $5.90
Target 3: $6.00 or more
Stop loss: below $5.10
Trading analysis:
OG stock has strongly rebounded from the support level of $4.83 and has broken through the resistance level of $5.25 with increased trading volume. The current bullish trend is supported by a clear upward structure of higher highs and higher lows on the hourly chart. The breakout candle to $5.52 shows strong buying interest.
If this momentum continues and the price stays above $5.30, OG stock may continue to rise towards $6.00 or more. Any pullback towards the $5.20 - $5.30 range may provide another entry opportunity.
Risk warning: Gradually take profits and move the stop loss to breakeven after the first target.
Buy and trade here at number $OG