$OG is in a corrective consolidation after the sharp rejection from the 0.85 peak. The impulsive move up was followed by steady profit-taking, but the decline has been orderly rather than aggressive. Price is now stabilizing around the 0.64–0.65 region, which aligns with a prior demand zone and suggests selling pressure is weakening.

Trade Setup (Long):

Entry: 0.620 – 0.650

Targets: 0.700 — 0.760 — 0.850

Stop-Loss: 0.590

Momentum indicators are resetting. RSI has cooled into the mid-range, leaving room for upside expansion, while MACD is flattening near the baseline, indicating bearish momentum is fading. Volume has contracted during the pullback, which supports the view of consolidation rather than distribution. Holding above the 0.62 support keeps the structure constructive and favors a potential rotation back toward the previous highs.