$OGN đŽ Short - entry 0.04742, stop level 0.05235, take profit 0.03755 (1:2)
After a 150% run in 4 days, OGN stopped making clean progress. Retrace of 29%, then price went back up for the old high. The inducement at 0.03755 is still untouched. OGN could not hold the break above 0.04475. Price is just above it again and the inducement at 0.03755 is untouched. Taking the short from 0.04742, stop 0.05235, target 0.03755 where the inducement sits. About 1:2.
Not financial advice.
After a 150% run in 4 days, OGN stopped making clean progress. Retrace of 29%, then price went back up for the old high. The inducement at 0.03755 is still untouched. OGN could not hold the break above 0.04475. Price is just above it again and the inducement at 0.03755 is untouched. Taking the short from 0.04742, stop 0.05235, target 0.03755 where the inducement sits. About 1:2.
Not financial advice.