Watch out for OGUSDT! 🚨 There's a SHORT plan in the air. Here's the analysis!

The massive sell-off is here! 🐻📉

#OGUSDT #Short #Trading #AnálisisTécnico #Bearish

After a rebound, the price is confirming a break of structure (BoS) with a bearish momentum. Now, it seems that the market is returning to the supply zone to accumulate liquidity before continuing its downward path. The cards are being dealt! 🃏

The market sentiment is mixed

Despite the positive news about Chiliz acquiring OG Esports, the MACD and RSI are showing signs of bullish exhaustion and a possible transition to the downside. There is a latent risk that the bulls may lose control in the short term, and the bears could take advantage for a correction. Watch out for that area! 👀

Trading Plan

Strategy: SHORT 🐻

Entry: Current price from the image, $16,863.

Stop Loss (SL): $18,400 (last high).

Targets (TP):

TP1: $15,326 (R:R 1:1.02)

TP2: $13,790 (R:R 1:2.04)

Conclusion

The market could correct downwards after failing to hold the resistance levels. 👇$OG