OGNUSDT trade ideas
OGN pullbackGauging my skills at spotting Pullbacks.
Target #1 0.3239
Target #2 0.2907
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
BINANCE:OGNUSDTPERP
COINBASE:OGNUSD
OGNUSDT is trying to have a breakout
The price is testing the weekly on 0.24$ support inside a descending daily channel.
After the breakdown from the previous support on 0.32$ the price retested it as new resistance.
How to approach?
We are monitoring the price, we could see a double bottom on the weekly support. We are waiting for a clear breakout from the descending daily channel and 4h resistance. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
🆓Origin Protocol (OGN) Feb-15 #OGN $OGN
After being rejected at $0.45, OGN corrected to $0.35, this is a good support where we can buy OGN and expect a rally in the near future. But the selling at $0.45 is very strong so we need to pay attention to this zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.35$ zone
🔴Buy : 0.35
🔴Sell : 0.45 - 0.55 - 0.65
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.35$ zone
🔵Sell : 0.35
🔵Buy : 0.3 - 0.25
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
OGN looks fake capGuys here i will share my little analysis about OGN cap. I bought OGN when it was 0.11 I had seen its cap on binance app around 4 million USD when it was around on 0.26 to 0.32 as the case may be but suddenly after the acquisition of coinmarketcap by binance OGN cap was surprisingly higher then its cap on binanceinfo own app which was earlier made before acquiring coinmarketcap by binance best of luck with the myths of this world.
OGN...Flying soonOGN has been corrected by 80% since ATH. The correction is over and support is found at $0.65-ish level.
OGN is ready for the next upside, higher low is seen at 4H TF and the strong hands are not selling at this price ranger after accumulation.
Entry: $0.07150
SL: $0.06900
Target: $0.60 (mid term), $1.7 (long term)
Please show your support by giving a like and follow. If you have different opinion, appreciate for your constructive view.
I may do charting upon request
OGNUSDT Cup & Handle PatternCup & Handle Pattern already created.
BuyZones:
3.3910 0.9382 0.95 0.9784 0.9133 0.7388 0.7080 0.5900
Take Profits:
1.15 1.25 1.42 1.5 1.7
StopLoss:
15%
Legend:
🔴 Pink Structure -> Monthly Structure.
🟣 Purple Structure -> Week Structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4H structure.
⚪ Grey structure -> 1H structure.
$OGN Short 4 HoursHi and happy late new year,
So I'm still holding my $OGN but i think we'll still se some more retracement 0.4 -+ if that becomes our support and manage to build some consolidation, I can se we pump back again, still think it would take more than what i was expecting, then again I'm here because i believe in the project, OUSD looks like a promising stable coin
DYOR
Trade Safe
