$OGN has broken below the 0.035 level; the current price is 0.03502.
Near key price levels, I usually watch three things:
① Holding: An intraday dip below doesn’t count; it’s a genuine breakdown only if the price closes below 0.035.
② Rebound: Can it reclaim the area around 0.035 after bouncing? If it can’t, support has turned into resistance.
③ Volume: Did volume pick up during the breakdown? A move on low volume is more likely to be a fakeout.
The price has now moved back above that level, so the first condition hasn’t been met yet.
#OGN
Near key price levels, I usually watch three things:
① Holding: An intraday dip below doesn’t count; it’s a genuine breakdown only if the price closes below 0.035.
② Rebound: Can it reclaim the area around 0.035 after bouncing? If it can’t, support has turned into resistance.
③ Volume: Did volume pick up during the breakdown? A move on low volume is more likely to be a fakeout.
The price has now moved back above that level, so the first condition hasn’t been met yet.
#OGN