📊 OG/USDT – Key Technical Update (1D Chart) 📊
🚀 Current Price: $16.525 (+5.36% 24h)
📅 Timeframe: 1 Day | Exchange: Binance
---
🔍 Technical Overview:
OG has made an impressive bullish push, climbing straight into a major historical resistance zone between $16.50 – $17.18. This area has acted as a strong supply zone in the past, where sellers historically took control and reversed the trend.
Looking left on the chart, we can clearly see that every approach to this zone in past cycles resulted in sharp rejections and heavy sell-offs. The price has now entered this zone again after a powerful rally, which increases the probability of profit-taking pressure.
---#ETHRally
📌 Key Levels to Watch:
Resistance Zone: $16.50 – $17.18 🛑
Immediate Support: $14.61
Major Support: $12.00 (in case of a deeper pullback)
Breakout Target: If bulls break and hold above $17.18, next psychological targets are $20.00 and $22.50.
---#ETH5kNext?
⚠️ Possible Scenarios:
1️⃣ Bearish Rejection: If selling pressure dominates here, expect a correction toward $14.61 or even $12.00 before the next attempt upward.
2️⃣ Bullish Breakout: A clean daily close above $17.18 with strong volume could invalidate this resistance and trigger a breakout rally toward $20+.
📈 Trading Plan (for Experienced Traders):
Aggressive Traders: Consider partial profit-taking in the resistance zone & watch for reversal signals.
Breakout Traders: Wait for a confirmed breakout and retest above $17.18 before entering long positions.
Risk Management: Maintain strict stop-losses; volatility in this zone can be high.
💡 Market Sentiment: The recent surge suggests strong bullish momentum, but entering directly in a major resistance zone is high-risk. Patience and discipline here will separate winners from bag-holders.
---
🔔 Conclusion: OG is at a critical decision point. The next few daily candles will determine whether we see a breakout to fresh highs or a retracement to gather more liquidity.
📌 Stay alert – a big move is coming!
---BEST OF LUCK 🤞 🍀