$OGN

Technical Analysis:

Moving Averages (EMA):

The price has surpassed the three moving averages (7, 25, and 99) at: 0.0671, 0.0658, and 0.0655 respectively, indicating a clear bullish breakout.

Last Candle:

A long bullish candle with a strong close after a bounce from the low of 0.0594, confirming strong demand and heavy buying.

Relative Strength Index RSI(6):

At 77.96, indicates entering the overbought territory, which may lead to a short-term correction.

Stochastic RSI and W%R:

Both are in the overbought area (Stoch RSI: 66.67, Wm%R: -10.66), reinforcing the likelihood of a slight pullback before continuing the rise.

Recommendations:

Optimal Buying Area:

Waiting for a correction to support levels 0.0660 - 0.0675 (close to EMA25 and EMA7).

Selling or Profit-Taking Area:

First Target: 0.0745 (previously touched).

Second Target (if momentum continues): 0.0780 - 0.0800.

Suggested Stop Loss:

Below the support level of 0.0645 (below EMA99) to avoid any bearish reversal.

Summary:

The short-term trend is strongly bullish with a clear technical breakout, but the overbought indicators suggest a potential for a slight pullback before continuing the rise. It is recommended to buy on corrections and gradually sell at resistances.

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