$OGN : The second scenario in action, with a cooldown before the next push ๐โ๐
Remember the two possible scenarios for $OGN ? The market chose the second path โ a deep correction and liquidity collection below the highs.
A detailed VSA breakdown on the 15M chart: 1๏ธโฃ Volume is fading: The chart clearly shows that with each attempt to push the price lower, selling volume declines (the red line on the histogram). Sellers are exhausted. 2๏ธโฃ RSI has cooled to 34.65: The indicator has left the overbought zone and returned to oversold territory โ an ideal setup for a reversal. 3๏ธโฃ Accumulation zone: The price is consolidating near support at $0.035โ$0.036.
Outlook (red trajectory): After consolidation and a local stop hunt, a new impulsive move is expected toward resistance at $0.047, followed by a breakout to a new high around $0.052+.
Patience and volume monitoring are a traderโs main tools! ๐ก
๐ Like this setup? Subscribe to AdaptiveTrader, leave a like, and support the content with a tip โ๏ธ!
Remember the two possible scenarios for $OGN ? The market chose the second path โ a deep correction and liquidity collection below the highs.
A detailed VSA breakdown on the 15M chart: 1๏ธโฃ Volume is fading: The chart clearly shows that with each attempt to push the price lower, selling volume declines (the red line on the histogram). Sellers are exhausted. 2๏ธโฃ RSI has cooled to 34.65: The indicator has left the overbought zone and returned to oversold territory โ an ideal setup for a reversal. 3๏ธโฃ Accumulation zone: The price is consolidating near support at $0.035โ$0.036.
Outlook (red trajectory): After consolidation and a local stop hunt, a new impulsive move is expected toward resistance at $0.047, followed by a breakout to a new high around $0.052+.
Patience and volume monitoring are a traderโs main tools! ๐ก
๐ Like this setup? Subscribe to AdaptiveTrader, leave a like, and support the content with a tip โ๏ธ!