$OGN LONG 🟢 (cautious)
ENTRY: $0.0375 – $0.0392
TP: $0.04758 | $0.0520 | $0.0560
SL: $0.0355
up 80% on the daily, after months of just bleeding out from 0.07 down to around 0.015. honestly that's the real story here, not just today's candle.
resistance sits at 0.04758, and that lines up with an actual prior high from before the whole downtrend started, so that's the first real test this bounce has to get through. book's pretty close to even, 54/46, nothing convincing either way just yet.
a move this big off a multi-month low usually gets tested hard, it doesn't just get waved through. 0.04758 is that test. below 0.0355 though, i'd say this was just a bounce, not an actual reversal.
#OGN/USDT #Layer1 #priceaction
ENTRY: $0.0375 – $0.0392
TP: $0.04758 | $0.0520 | $0.0560
SL: $0.0355
up 80% on the daily, after months of just bleeding out from 0.07 down to around 0.015. honestly that's the real story here, not just today's candle.
resistance sits at 0.04758, and that lines up with an actual prior high from before the whole downtrend started, so that's the first real test this bounce has to get through. book's pretty close to even, 54/46, nothing convincing either way just yet.
a move this big off a multi-month low usually gets tested hard, it doesn't just get waved through. 0.04758 is that test. below 0.0355 though, i'd say this was just a bounce, not an actual reversal.
#OGN/USDT #Layer1 #priceaction