$OG $OG $OG The OG/USDT pair is currently exhibiting a bearish trend, as indicated by the downward sloping price action and negative technical indicators. Key support and resistance levels have been identified, along with potential entry points for short positions.

Support and Resistance:

Strong Support: The immediate support level is at approximately 6.634. A break below this level could trigger further downside movement.

Weak Support: A weaker support level exists around 5.785. If the price breaks below the strong support, this level may offer temporary respite.

Resistance: The current resistance level is at 7.138. A break above this level would signal a potential reversal of the bearish trend.

Entry Signal:

A potential short entry signal could be generated if the price breaks below the strong support level of 6.634 with a confirmed bearish candlestick pattern (e.g., a bearish engulfing pattern). This would indicate a strong bearish momentum.

Technical Indicators:

Moving Averages (MA): The 7-day MA is below the 25-day MA, suggesting a bearish trend.

Bollinger Bands: The price is currently below the upper Bollinger Band, indicating a potential overbought condition.

Relative Strength Index (RSI): The RSI is below 50, indicating a bearish sentiment.

MACD: The MACD line is below the signal line, suggesting a bearish trend#ScrollOnBinance #UptoberBTC70K? #XRPDonationsUSElections #APESurge #Write2Earn!