$0G Setup Trade & Scroll Now

Bullish Pin Bar + Bearish Follow-up (Fake Bounce / Rejection)

OG

12.05

-0.33%

OGUSDT

Perp

12.04

-0.35%

🔍 Understand in detail:

The long wick candle below (Pin Bar / Hammer type)

Means strong buying was received from below

Sellers pushed down, but buyers closed up

This is a temporary support reaction

After that, a strong red candle

Buyers couldn't follow through

Sellers rejected the price from above

This clearly indicates that the trend is currently weak / bearish

📉 After this, will the price go up or down?

👉 There is a higher chance of DOWN, because:

Overall trend is downward

No confirmation green candle came after the bounce

Rejection occurred from resistance (~0.92–0.93 area)

📌 Important Levels (OG/USDT):

Resistance: 0.92 – 0.93

Immediate Support: 0.885 – 0.88

Strong Breakdown: Close below 0.88 → and downside

✔ Trading Tip (safe approach):

Buy only when the price gives a strong green close above 0.905–0.91

Sell / Short confirmation if 0.888–0.885 breaks

⚠️ This is not financial advice, just chart-based analysis.