$OG Technical Update: Bullish Structure Emerging
The $OG chart is carving out a clean recovery on the 1H timeframe, establishing a reliable base around the 3.50 support zone. We are now seeing a sequence of higher lows as price action climbs back above the local consolidation range. This shift suggests that the initial selling pressure has exhausted, allowing buyers to reclaim the driver's seat for a potential trend continuation.
Trade Setup (Long)
Entry Zone: 3.65 – 3.75
Stop Loss: 3.48
Target 1: 3.95
Target 2: 4.20
Market Analysis
The current price action reflects a classic absorption of supply. By holding the 3.50 level, $OG has signaled a "floor" where demand is consistently outweighing sell orders. As momentum begins to pivot, a breakout above the immediate resistance levels could trigger a rapid move toward the 4.00 psychological barrier and beyond.
