📢
$OG / $USDT | 🟢 LONG | ⭐ 71.8%
🎯 Target: $3.0433. Does it make it?
🎯 Trading levels:
🟢 Entry: $2.9206
🛑 Stop Loss: $2.8469
🏁 TP1: $3.0433
🏁 TP2: $3.0679
🏁 TP3: $3.117
📈 Analysis:
The structure of
$OG shows a bullish multi-timeframe alignment, with price consolidating above the 20 and 50 EMAs and validating a double-bottom pattern. The MACD shows a bullish crossover with a positive histogram, while the RSI at 60.61 confirms healthy buying momentum without being overbought, supported by supply absorption at the POC of $2.8988.
⚖️ Risk/Reward: 1:1.66
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The bullish thesis is invalidated if price breaks below the support level at $2.8469, where our stop loss is located. The success of this trade depends on volume supporting the breakout of the immediate resistance at $3.02 in order to seek the outlined targets.
Do you think the volume absorption is enough to break through the $3.02 resistance in this attempt?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
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