OG/USDT — Strong Bullish Engulfing Candle Ignites the Surge
In the daily frame 1D, a very clear Bullish Engulfing candle has appeared, which is one of the strongest signals of a bullish reversal.
This candle indicates institutional buying or a strong event behind the scenes.
Daily Technical Signals
RSI at 90 91 shows clear overbought conditions but indicates strong momentum.
MACD is in a positive crossover with a gradual increase in the histogram.
The price has broken above the upper Bollinger Band, indicating an unusual strength of movement.
A noticeable increase in trading volume reinforces the validity of the uptrend.
OG
Entry Points and Proposed Trade
Entry Zones
Main entry at retesting the area of 640 to 660.
Advanced entry at momentum above 710 with a strong daily close.
Take Profit Goals
First target 780.
Second target 850.
Third target 920.
Stop Loss
SL at 575 below daily support and the EMA10 moving average.
Do you think OG will continue its upward trajectory and target the $10 level soon, or are we facing a temporary correction before the surge?