🎯 TRADING SIGNAL: $OG /USDT (Bottom Fishing) 🚀
📈 TYPE: LONG / SPOT
💰 ENTRY: $5.75 – $5.95
🎯 TARGET 1: $6.50 (Immediate Resistance)
🎯 TARGET 2: $7.40 (Strong Recovery Zone)
🎯 TARGET 3: $8.50 (Key Pivot Level)
🛑 STOP-LOSS: $5.45 (Below Major Support)
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📊 TECHNICAL ANALYSIS & SUMMARY:
1️⃣ Crucial Support Test: OG is currently testing its major horizontal support at $5.80. This level is critical for preventing further downfall and usually triggers a sharp reversal.
2️⃣ Historical RSI Low: The RSI on multiple timeframes has hit extreme oversold levels (1H RSI at 6.21), suggesting that the aggressive selling has reached its exhaustion point.
3️⃣ Volume Climax: After a brutal -40% flush and $46M+ in liquidations, we are seeing signs of volume stabilization at the $5.80 zone, indicating that "smart money" might be accumulating for a bounce.
4️⃣ Relief Rally Expectation: Technical targets are set for a move back toward $7.40, where the price recently broke down from. This gap-fill move is highly common after such a massive crash.
⚡ RISK ADVICE: This is a high-risk trade due to extreme market volatility. Do not use high leverage. Keep a strict Stop-Loss to protect your capital.