Trade setup 🎯
$OG Entry Zone:4.250 – 4.350
Targets
TP1: 4.540 (Recent Peak)
TP2: 4.750
TP3: 5.000+
Stop-Loss:4.180
$OG has recently shifted from a period of low-volatility accumulation into a high-momentum "markup" phase. After a sharp liquidity grab (wick down to 4.003), the price saw an aggressive vertical expansion, breaking through short-term moving averages with significant volume support.
Analysis
OG experienced a sudden impulsive move, characterized by a strong vertical expansion toward the 4.543 region. This move was preceded by a "stop-run" or deep wick to 4.003, which effectively cleared out late sellers and trapped liquidity before the pump.
The current 1-hour candle shows some selling pressure at the local top, but the price remains well above the MA(7) (4.368) and MA(25) (4.272). The high volume accompanying the green candles indicates strong buyer interest, suggesting this is a trend initiation rather than a simple "pump and dump" exit.
Outlook
As long as the price holds above the 4.200 support level (where the moving averages are clustered), the bullish structure remains intact. A sustained move and candle close above 4.550 would likely trigger a continuation toward the 4.800 – 5.000 psychological resistance zone. Loss of the 4.180 level would weaken the setup and suggest a return to the previous range.
#og #BinanceAlphaAlert $OG