$OGN Long Liquidation Detected at $0.0613 ($3.25K): Time to Watch Closely
A sharp $3.25K long liquidation at $0.0613 signals a potential shakeout of weak hands. Smart traders know this is where opportunity often knocks hardest. As fear grips the market, accumulation silently begins.
Technical Analysis & Trade Setup:
Buy Zone:
๐น Primary Accumulation Range: $0.0585 โ $0.0613
This zone aligns with historical support and the recent liquidation price, suggesting capitulation by over-leveraged longs. Ideal for entries if bullish reversal patterns form here.
Targets:
๐ธ Target 1: $0.0678 โ Minor resistance; expect reaction
๐ธ Target 2: $0.0725 โ Previous consolidation top
๐ธ Target 3: $0.0789 โ Full mean-reversion zone if momentum sustains
Stop Loss:
๐ป $0.0562 โ A clean invalidation point below structure support. If this breaks, further downside likely.
Why This Matters:
Long liquidations near support often lead to local bottoms.
$OGN is historically volatile and quick to recover post-shakeouts.
Volume spike around liquidation indicates interest; someoneโs accumulating.
Stay ahead of the herd. When fear leads to liquidation, strategy leads to profit. This isnโt noise โ itโs the sound of opportunity.