$OGN just ran 89% in 24h. Smart money or weak hands? My read:
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1) Top 10 holders have 71% of OGN. That's a lot, could mean they can move the price easily.
2) No clean SMC zones above price here. I'm watching a projected 60% selling POI at 0.065056. It's untouched.
3) I expect OGN to head up to that POI then potentially reverse. If it does, I'm looking for a move down to 0.033015, a 50% retrace.
4) Big money took 54% of this move, weak hands took 35%. Open interest is 18.4M, funding is negative at -0.7819%, and the long-short ratio is 0.65.
Be mindful of sudden drops.
Got a coin you want broken down? Drop $COINNAME (like $MET or STRK) in the comments and follow me, I will post it within 20 mins.
1) Top 10 holders have 71% of OGN. That's a lot, could mean they can move the price easily.
2) No clean SMC zones above price here. I'm watching a projected 60% selling POI at 0.065056. It's untouched.
3) I expect OGN to head up to that POI then potentially reverse. If it does, I'm looking for a move down to 0.033015, a 50% retrace.
4) Big money took 54% of this move, weak hands took 35%. Open interest is 18.4M, funding is negative at -0.7819%, and the long-short ratio is 0.65.
Be mindful of sudden drops.