🚨 $OGN
USDT BEARISH BREAKDOWN – SELLERS TAKING CONTROL
The recent sharp rejection from the $0.0628 high has shifted momentum into bearish territory. Price is steadily declining after its failed breakout attempt, signalling weakness and potential continuation downwards.
🔑 Key Levels:
Resistance: $0.0580 – $0.0600
Support: $0.0530 (immediate), $0.0500 (strong support)
Current Price: $0.0536
📉 Trade Setup (Short Entry):
Entry Zone: $0.0535 – $0.0545
Take Profit 1 (TP1): $0.0520
Take Profit 2 (TP2): $0.0505
Stop Loss (SL): $0.0555
📊 Market Outlook: OGNUSDT failed to hold its breakout above $0.0600, forming a strong bearish engulfing structure on the hourly. Momentum remains negative with sellers dominating below $0.0560. Any short-term bounce could face resistance at $0.0550-$0.0560 before resuming downside.
⚠️ Risk Management: Trade with only 1-2% of your capital risk per trade. Wait for candle confirmation in your entry zone before executing positions to avoid false breakdown traps.
💬 Comment “🔥” if you caught this bearish momentum early!
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buy and trade here on $OGN