【$OG Signal】Long | Healthy Pullback After Short Squeeze Initiation

$OG After a single-day surge of 20%, it consolidates at the previous high resistance zone (around 4.85), which is a typical healthy reset after a short squeeze, not a top.

🎯Direction: Long

🎯Entry: 4.68 - 4.75 (Support area of the 4H candlestick bodies and near EMA20)

🛑Stop Loss: 4.55 (Break below the previous 4H candlestick low and ATR lower band, rigid stop loss)

🚀Target 1: 5.05 (Previous high resistance and Fibonacci 1.618 extension)

🚀Target 2: 5.35 (Based on ATR volatility measurement)

Hardcore logic: This is a typical short squeeze market, not just a pump and dump. Core evidence: 1) Funding rate is only 0.005%, far from dangerous levels, and bears are still paying fees. 2) Open interest remains stable, no signs of major longs exiting. 3) The 4H RSI is as high as 84, but the price is strongly consolidating above EMA20, indicating indicator fatigue in a strong market. 4) Order book depth shows bid (buy) orders significantly outweigh ask (sell) orders, with a depth imbalance of 7.58%, indicating strong institutional buy support below. Market psychology suggests that the narrow consolidation after the surge has digested short-term profit-taking, preparing for the next upward move.

Trade here 👇 $OG

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