$OGN is just went vertical 🔥
Price is at $0.0403, up 89% in a single 4H move from the $0.0198 base. That's a massive liquidity event, not a clean setup. Right now it's pulling back from the $0.0447 high, and that upper wick tells you sellers are already stepping in.
The key level I'm watching is $0.0350. As long as price stays above it, the breakout structure holds.
If bulls defend $0.0350: A consolidation here could set up a continuation leg toward $0.0447, then $0.0460.
If bears break $0.0350: This was a blow-off top, and the next stop is $0.0295.
My read: The move already happened. Chasing here means buying the top with your stop sitting on untested air.
Price is at $0.0403, up 89% in a single 4H move from the $0.0198 base. That's a massive liquidity event, not a clean setup. Right now it's pulling back from the $0.0447 high, and that upper wick tells you sellers are already stepping in.
The key level I'm watching is $0.0350. As long as price stays above it, the breakout structure holds.
If bulls defend $0.0350: A consolidation here could set up a continuation leg toward $0.0447, then $0.0460.
If bears break $0.0350: This was a blow-off top, and the next stop is $0.0295.
My read: The move already happened. Chasing here means buying the top with your stop sitting on untested air.