$OGN, whoa, this candle looks pretty scary.
Current price around $0.0268
Up about 28.4% in 24h, but volume is weak
Analysis:
It just shot up more than 5% in five minutes, climbing from 0.0207 to around 0.0269. That speed is pretty wild. Damn, the order book is paper-thin—easy to push it up, and probably just as easy to dump it. Volume hasn’t followed, which means there aren’t that many buyers chasing it; this looks more like a short squeeze. Now it’s all about whether it can hold around 0.0268. If it does, there could be another leg up; if not, that’ll just leave a long upper wick. Anyway, I’m watching the 5-minute chart and not making any rash moves.
Still holding?
Current price around $0.0268
Up about 28.4% in 24h, but volume is weak
Analysis:
It just shot up more than 5% in five minutes, climbing from 0.0207 to around 0.0269. That speed is pretty wild. Damn, the order book is paper-thin—easy to push it up, and probably just as easy to dump it. Volume hasn’t followed, which means there aren’t that many buyers chasing it; this looks more like a short squeeze. Now it’s all about whether it can hold around 0.0268. If it does, there could be another leg up; if not, that’ll just leave a long upper wick. Anyway, I’m watching the 5-minute chart and not making any rash moves.
Still holding?