$OGN /USDT SHORT TRADE SETUP REVERSAL AFTER SPIKE 💯
Current Price: 0.0798
Market Structure: Price spiked to 0.0880 but faced strong rejection. Consecutive red candles now forming lower highs, suggesting possible correction.
ENTRY LEVEL
Enter short between 0.0805 – 0.0820 if price retests the minor resistance zone.
STOP LOSS
Place stop loss above 0.0850 to protect against another breakout attempt.
TARGET POINTS
TP1: 0.0770
TP2: 0.0750
TP3: 0.0720
TRADE ANALYSIS
OGN surged nearly 40% intraday but failed to sustain above 0.0880. Current rejection candles signal profit-taking and weakening momentum. If sellers maintain control, a retracement toward 0.0750 or even 0.0720 is likely. Watch for rejection wicks on any bounce near 0.0820 to confirm entry.
