$OG RECOVERY PUSH – CONSOLIDATING BELOW $4.80 WITH POTENTIAL UPSIDE
$OG is currently trading at $4.737, up +0.72% on the day. After a swift rejection near $4.85, the price has pulled back into a consolidation range but still holds above the local support at $4.695. Volume remains steady, showing balanced participation.
Key Levels to Watch
• Resistance Zones:
$4.800 – First test for short-term breakout
$4.845 – Previous swing high and reaction zone
$4.900 – Psychological resistance and breakout target
• Support Zones:
$4.695 – Local support and intraday base
$4.620 – Deeper support in case of breakdown
Trade Setup – Tight Range, Breakout Potential Building
• Bullish Scenario: A move above $4.800 could fuel a rally toward:
TP1: $4.845
TP2: $4.900
• Bearish Scenario: A breakdown below $4.695 may drive it toward:
TP1: $4.620
TP2: $4.580
Stop-Loss Strategy:
• Longs: Below $4.680
• Shorts: Above $4.805