📉 $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.

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