$OGN just delivered a reminder that markets rarely move the way the people expects.
Around 55% run many traders were waiting for the pullback.
Short positions started building as people bet that the move had gone too far.
But buyers stepped back in.
$OGN pushed another higher completely invalidating the expected reversal.
The lesson isn't that every coin that pumps will keep pumping.
It's that it has already gone up too much is not a trading strategy.
Price can continue moving when momentum remains strong and positioning is heavily skewed toward one side.
Before betting against a move look at the actual market structure.
Who is positioned?
Where is liquidity sitting?
Is momentum weakening or accelerating?
people may see an obvious top.
The market may see an opportunity to squeeze them.
Follow the price.
Respect momentum.
Manage your risk.
Never trade purely because a move looks too high.
#ogn #OGNUSDT
Around 55% run many traders were waiting for the pullback.
Short positions started building as people bet that the move had gone too far.
But buyers stepped back in.
$OGN pushed another higher completely invalidating the expected reversal.
The lesson isn't that every coin that pumps will keep pumping.
It's that it has already gone up too much is not a trading strategy.
Price can continue moving when momentum remains strong and positioning is heavily skewed toward one side.
Before betting against a move look at the actual market structure.
Who is positioned?
Where is liquidity sitting?
Is momentum weakening or accelerating?
people may see an obvious top.
The market may see an opportunity to squeeze them.
Follow the price.
Respect momentum.
Manage your risk.
Never trade purely because a move looks too high.
#ogn #OGNUSDT