$OG /USDT Analysis Alert – Watch the Breakout Zone!
$OG is forming an intriguing pattern. The chart reveals a descending channel, indicating a potential significant move ahead. With the current price at $7.681, traders should be ready for either a bullish breakout or a bearish reversal.
Key Levels to Watch:
Resistance: $8.00 – A crucial level; breaking this could lead to upward momentum.
Support: $7.50 – A solid safety net. A drop below this may signal a bearish trend.
Entry Strategies:
Long Trade: Enter above $8.00, targeting:
TP1: $8.25
TP2: $8.50
TP3: $8.75
Stop Loss: $7.50 to protect against failed breakouts.
Short Trade: Enter below $7.50, targeting:
TP1: $7.25
TP2: $7.10
TP3: $6.90
Stop Loss: $8.00 to mitigate losses if the bearish trend falters.
Trade with caution: The market is nearing a breakout point, and volatility may increase. Set your alerts and trade wisely!
