$OGN /USDT BEARISH BREAKDOWN AHEAD! š»š
The price action on $OGN/USDT is signaling a bearish momentum as it struggles below key resistance levels with declining volume, currently trading at $0.0505.
š KEY LEVELS:
Resistance Levels:
š« $0.0520
š« $0.0540
š« $0.0560 (Major Resistance Zone)
Support Levels:
ā $0.0485 (Immediate Support)
ā $0.0470 (Critical Support ā Breakdown zone)
š TECHNICAL OVERVIEW:
Price is below the short-term EMAs.
Lower highs forming on the 1H and 4H timeframes.
Volume declining, suggesting a potential move downward as bulls lose momentum.
š„ TRADE SETUP (SHORT):
Entry: $0.0500
Stop Loss (SL): $0.0525 (Above resistance)
Take Profit (TP):
šÆ TP1: $0.0485
šÆ TP2: $0.0470
ā Invalidation if price closes above $0.0525 with strong volume.
š” RISK MANAGEMENT:
Risk only 1-2% of your capital per trade. Stick to your SL, and do not chase the market! Always use position sizing that aligns with your risk tolerance.
šØ BEARISH BIAS ACTIVE ā WATCH FOR A BREAK BELOW $0.0485!
#SwingTradingStrategy #XSuperApp #CryptoStocks #MyTradingStyle #Write2Earn $OGN
