📉 $OG / USDT – Bearish Rejection from Resistance Zone ⚠️
Supply Zone Holding | Potential Breakdown Incoming
📊 Market Snapshot:
$OG is trading at 13.282, just under a key resistance zone (13.35–13.44) that has rejected price multiple times. The red zone on the chart clearly shows a supply block where sellers are in control. Current price action shows a failed breakout attempt and a bearish rejection wick, indicating weakening bullish momentum.
🔍 Key Technical Levels
Resistance Zone: 13.35 – 13.44 (supply zone)
Support Zone: 13.00 – 12.85 (next potential demand)
Breakdown Confirmation: Close below 13.20
🎯 Short Trade Setup
Entry Range: 13.27 – 13.32 (preferably near the upper edge of the purple box for risk:reward advantage)
Stop Loss: 13.45 (above the supply zone)
Take Profit 1: 12.85
Take Profit 2: 12.50
Take Profit 3: 12.25 (major swing target)
📌 Market Outlook:
Bearish bias as price consistently fails to break and hold above resistance.
This setup is supported by tight consolidation under supply, which often precedes a breakdown.
If price loses 13.20 with increasing volume, a flush toward the 12.20s is highly probable.
💡 Pro Tip:
Wait for a 1-hour candle close below 13.22 to confirm breakdown momentum. Avoid entering early inside chop unless using a tight SL. Consider using trailing stop once TP1 is hit.
