โฝ Trade Setup: $OG/USDT โ Cooling Down or Preparing for the Next Goal? ๐๐๐ฅ
$OG exploded in a recent parabolic rally and is now cooling off slightly, but the underlying structure remains bullish.
Price is currently hovering around the MA7 on the 1-hour chart โ a potential pivot zone for the next move.
Still trading above MA25 and MA99, which keeps the bullish foundation intact โ
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๐ฏ Key Targets:
โ Target 1: $6.95
๐น Local resistance from recent consolidation
๐น Quick scalp zone
๐น Easily achievable with a volume surge
๐ Confidence: High
โ Target 2: $7.35
๐น Strong rejection area from previous wick
๐น Short sellers likely defending
๐น Breakout could trigger a squeeze
๐ Confidence: Medium
โ Target 3: $7.95
๐น Swing extension target
๐น Signals full breakout continuation
๐น Needs broader altcoin momentum
๐ Confidence: Low (but possible)
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โ Stop-Loss / Invalidation:
$6.45 = MA25 Zone
If we get a clean hourly candle close below $6.45, short-term bullish bias is invalidated.
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๐ง Trade Thoughts:
The chart structure is still leaning bullish, but we need confirmation.
Ideal entry: Price reclaiming $6.75 with increasing volume.
If BTC remains stable or green, chances of hitting Target 2 and 3 improve significantly. ๐
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