$OG
- Sharp rise followed by strong recovery, focusing on breaking resistance
Increased trading volume sparks a rapid rebound to $4.732
The price recovers above all moving averages after the drop
Record $OG a strong bullish candle over 15 minutes, rising to $4.732 before quickly retreating. The price is now regaining strength at $4.516, trading above the exponential moving averages (7), (25), and (99). This rebound indicates strong buying interest and the possibility of re-testing the recent high if momentum continues.
Setting up a buy order
Entry area: $4.48 - $4.52
Stop loss: below $4.42
Target 1: $4.68
Target 2: $4.73 (local high)
Target 3: $4.85 (extension level in case of confirming the breakout)
Monitor continued trading volume and a clear breakout above $4.60 for confirmation. Protect your profits using trailing stop-loss orders in case of increased volatility.