$OG USDT at a Critical Zone Breakout or Bull Trap
OGUSDT Perp is currently trading around 3.37 after a sharp 24h drop of over 33 percent, showing clear volatility expansion. On the 15m chart, price recently bounced from the 3.28–3.30 support zone, which is acting as short-term demand. Immediate resistance sits at 3.40–3.45, with a stronger supply area near 3.50. A clean break above 3.45 could open room toward 3.60, while losing 3.28 may expose 3.20 quickly.
Although RSI and MACD are not visible in the screenshot, price behavior suggests short-term relief after an oversold condition. The structure still shows lower highs on intraday timeframe, meaning the broader micro trend remains weak. Volume spikes during the drop indicate aggressive selling, and the current bounce looks more like a reaction than confirmed reversal.
Market sentiment right now is Neutral to Bearish. Buyers defended support, but bulls have not yet reclaimed key resistance to shift momentum decisively.
Strategy wise, this is a Wait zone unless you are a scalp trader. Conservative traders should wait for a confirmed breakout above 3.45 with volume before considering long positions. Aggressive traders may look for short entries near 3.45 resistance with tight risk management. If 3.28 breaks, downside continuation trade becomes valid. Risk control is everything in this volatility.
Are you expecting a recovery rally from this level or another liquidity sweep below 3.28 first?
Not Financial Advice (NFA).
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