$OG — 5M | Recovery bounce into resistance
Sharp flush to 3.10 got bought quickly, but price is now stalling under the EMA99 / local supply zone.
Short-term structure improved,
but this is still a recovery bounce until resistance breaks.
Key levels
Resistance: 3.16 – 3.18
Major resistance: 3.20 – 3.23
Support: 3.13
Breakdown level: 3.10
Trade plan
Long scalp (if breakout):
Entry: reclaim above 3.18
SL: below 3.15
TP: 3.23 → 3.27
Short setup (preferred if rejected):
Entry: 3.17 – 3.20 rejection
SL: above 3.23
TP: 3.13 → 3.10
Price is bouncing, but not free yet.
Until it clears overhead supply, this is still recovery—not trend reversal.