$OG – LOOKING FOR A RELIEF BOUNCE

After a steady decline, $OG is finally showing its first meaningful reaction from the 0.965–0.970 demand zone. Sellers have been dominating the market for several sessions, but the latest wick rejection indicates buyers are attempting to absorb supply and push price into a short-term relief bounce. For now, the trend is still bearish overall, but a corrective move upward is likely if price holds above 0.970.

Trade Setup (Long)

Entry Range: 0.968 – 0.976

Target 1: 0.986

Target 2: 0.998

Target 3: 1.012

Stop Loss (SL): 0.959

Market Outlook:

Sentiment remains weak, but a temporary rebound is setting up as long as price stays above 0.970. Break below this level cancels the bounce scenario and resumes the downtrend.