$OG

Explosion zone or deception zone?

OG is holding under resistance at $4.63 after multiple attempts to push higher. The structure shows a narrow range with higher lows, indicating an ascending triangle pattern, but the volume is still light - which raises caution.

Key price areas

Resistance:

• $4.63 – Immediate explosion zone

• $4.65 – Next main resistance

Support:

• $4.60 – Mid-range

• $4.58 – Explosion cancellation level

Potential moves

Bullish scenario:

A clean break and close above $4.63 could trigger momentum towards:

Target 1: $4.68

Target 2: $4.75

Target 3: $4.82

Bearish scenario:

Losing $4.58 could invalidate the structure and retest the $4.52–$4.50 area.

Monitor the volume

- An explosion without demand may trap late entries.