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🚨$OG /USDT Technical Analysis - Oversold Bounce Setup
Current Price: $11.119 (+1.22%)
The 12H chart shows recovery from severe capitulation at $10.427. Technical breakdown:
Bollinger Bands: Price testing lower band ($10.113) after breaking down from $25. Squeeze indicates high volatility ahead.
RSI Readings:
- RSI(6): 16.566 - Extreme oversold
- RSI(12): 19.886 - Oversold territory
- RSI(24): 29.959 - Approaching neutral
Volume: Declining volume suggests seller exhaustion. MA(5): 72.04K showing reduced selling pressure.
Signal: Neutral-to-Bullish 🟡
Multiple RSI timeframes in oversold zones typically signal bounce potential. However, price remains below all Bollinger bands, indicating weak momentum. Key resistance: $15.39 (middle band). Support holds at $10.11.
Strategy: Wait for confirmed breakout above $12.50 before entry.
DYOR - Not Financial Advice
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