$OGN /USDT Momentum Cooling as Price Consolidates
Support: Currently sitting around $0.0607–$0.0615, aligned with both the 7-day and 30-day SMAs, giving the market a solid short-term floor. ⬇
Resistance: Capped near $0.072–$0.075, matching the 23.6% Fibonacci retracement and brushing against the upper Bollinger Band. ⬆
Fibonacci Outlook
Status: Price is still holding above the 38.2% retracement at $0.072. If weakness extends, a 50% pullback toward $0.065 could serve as a stronger base.
Zones:
Support: $0.064–$0.066 (38–50% retracement area) ⬇
Resistance: $0.072–$0.075 (prior highs & upper band) ⬆
RSI Check
RSI(14) sits near 66.8 — bullish, but not yet overbought. ⬆
Suggests upside potential remains, though momentum could cool as overbought levels approach.
Entry Ideas
Cautious Entry: $0.062–$0.064, close to support for better risk/reward. ⬇
Aggressive Entry: $0.067–$0.069, positioned to ride a breakout attempt before resistance.
Take-Profit Zones
TP1: $0.072–$0.075 (first resistance cluster). ⬆
TP2: $0.078–$0.080 (if momentum pushes beyond TP1 with volatility support). ⬆
Stop-Loss Levels
Conservative: $0.0610, just under key support. ⬇
Tight: $0.0665, under aggressive entry for short-term protection. ⬇
