$OGN just made an explosive move from roughly 0.0224 to 0.0536.
That’s exactly why I’m not chasing the top.
My current edge is the retracement.
On the 4H, OGN is pulling back through the Fibonacci structure and is now testing the 0.618 area around 0.0344.
My plan:
TP1: 0.03437
TP2: 0.02912
My bearish thesis is invalidated if OGN reclaims and holds above 0.0417.
After a vertical move, I don’t need to predict the exact top.
I only need a clean setup with defined risk.
Expansion creates excitement. Retracement creates opportunity.
$OGN #OGN #SwingTrading #FuturesTrading #RiskManagement
That’s exactly why I’m not chasing the top.
My current edge is the retracement.
On the 4H, OGN is pulling back through the Fibonacci structure and is now testing the 0.618 area around 0.0344.
My plan:
TP1: 0.03437
TP2: 0.02912
My bearish thesis is invalidated if OGN reclaims and holds above 0.0417.
After a vertical move, I don’t need to predict the exact top.
I only need a clean setup with defined risk.
Expansion creates excitement. Retracement creates opportunity.
$OGN #OGN #SwingTrading #FuturesTrading #RiskManagement