$0G is currently cooling off at a high after a 19% increase in volume. Price action indicates healthy profit-taking and liquidity reset, rather than a top reversal. The increase in open interest alongside the price rise suggests that major buying is entering the market, rather than a simple short squeeze.
🎯 Direction: Long
🎯 Entry: 0.940 - 0.970
🛑 Stop Loss: 0.900 (strict stop loss)
🚀 Target 1: 1.100
🚀 Target 2: 1.250
$0G is consolidating at a high below the key psychological level of 1.0, with increased trading volume but price refusing to pull back significantly, indicating that buying is absorbing all selling pressure. This “uptrend-consolidation” structure is a typical characteristic of a strong continuation, as long as the price can hold the breakout high area of 0.92-0.94, the market structure remains bullish. The current consolidation is to digest short-term profit-taking and to build energy for the next wave of rise.
Trade here 👇$0G
0GUSDT
Perp
0.8572
-6.54%
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