$OG faced heavy long liquidations near $4.36, signaling a sharp reset in positioning. Price may attempt a recovery if demand returns, as large liquidations often attract opportunistic buyers. A base formation is required before considering upside continuation. Traders should wait for structure confirmation instead of entering immediately. If support holds, OG could retest higher resistance zones. Failure to stabilize would open the door for further downside. Given the size of liquidation, volatility is expected, making strict stop-loss discipline essential.
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OG
4.346
-0.91%