OG is currently priced at $4.398, up 2.30%, but the overall bearish trend remains evident. From the candlestick pattern, it has already been running for 13 consecutive candles. Although there has been a recent rebound, whether this upward move can break through the key resistance level is still uncertain.



Looking at support and resistance levels, the support below is at 4.386, 4.252, and 4.204, with 4.386 being the current tracking line and also the key to determining whether the bearish trend has truly resumed. The two resistance levels above are at 4.484 (the high point of this rebound) and 4.531.

In terms of trading strategy, although the price has already broken above the tracking line at 4.386, you must understand one thing — this does not mean the trend has reversed. The entire downward channel still exists. The real risk is that the decline has been ongoing for some time, and the bearish momentum may be weakening. If a false breakout occurs followed by a reversal and surge, short-term volatility could be very intense.

Overall, breaking below 4.386 will test whether the bearish trend can continue, while breaking above 4.484 could potentially trigger a trend reversal. The recent trading pace will be quite fast, so always stay alert to false breakout traps in the market.
OG-1,99%
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SoliditySlayervip
· 01-06 05:56
I'm too familiar with this fake breakout routine, I'm going to get rekt again.
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YieldFarmRefugeevip
· 01-06 05:55
It's the same old虚虚实实 trick again, will 4.386 break above and be the end? I find it doubtful. --- I've seen too many false breakouts, and this time is no exception. --- Is the bearish momentum exhausted? Then just wait to be hammered back, a典型的诱多. --- After watching for a while, I still believe that a break below is the real signal. It's too early to draw conclusions now. --- 4.484 is the watershed; 4.386 doesn't mean much. --- The term energy exhaustion sounds pretty虚虚, I'll just watch the trading volume. --- This rebound is just to cut the last wave of bagholders, don't be fooled.
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SerRugResistantvip
· 01-06 05:50
Hey, it's that same fake rebound trick again. Are the bears' energy exhausted? I think it's the retail investors' energy that has already been depleted.
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PumpingCroissantvip
· 01-06 05:50
Still hoping to reverse at 4.386? Dream on. Only when the bears' momentum is exhausted will there be a chance.
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