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$OG seems stuck in this consolidation phase, but I'm seeing more downside potential than up. Let's break it down a bit.
On volume: The last few 4-hour candles have been pretty quiet— like, the most recent one only hit 33.4k. It feels like nobody's really committing right now, which makes any moves look shaky.
Capital flows aren't looking great either. We've got steady net outflows: -36.5k in spot over the last 24 hours, and a bigger -147.9k in contracts. That screams caution from the big players. Sure, there were some quick inflows on the 30-min and 1-hour charts for contracts, but they fizzled out fast, meaning folks are just selling into any little rally.
My take on trading
$OG : I'm leaning cautious short, staying bearish overall.
For entries: Best spot would be around that Resistance level at 11.88, if it bounces off resistance with some real volume behind it. Otherwise, wait for a clean break below support at 11.50, and make sure volume picks up to confirm.
Stop-loss: I'd set it at about 3.5% above, so around 12.06 for shorts
Targets: Aim for Support at 11.33 firs, and if things really pick up steam downward, push to next support at 11.12
Why this setup
$OG ? MACD is hinting at some early bullish vibes, but everything else is stacking against it: price is under those key moving averages, outflows keep coming, and RSI/KDJ are looking weak. Plus, the Bollinger Bands are squeezed tight, which usually means volatility's about to pop—and with the 3-day and 7-day outflows at -1.4M and -2.2M USDT, I'm betting it's to the downside. Just hang tight for volume to back it up, or you might get faked out.
Quick risk heads-up: If we close above Resistance (11.88) on volume over 100k, scrap the bearish idea—that'd flip things bullish.
#OGN/USDT #OGUSDT #OGFanToken