$OG is showing strong activity with a +23% move in the last 24 hours, backed by a sharp impulse candle and sustained volume. After a clean breakout from the 0.84–0.86 base, price pushed aggressively to the 1.065 high before cooling off. What we’re seeing now is healthy consolidation above prior support, not weakness.
On the 1H timeframe, price is holding higher lows around the 0.93–0.94 zone, which suggests buyers are still in control. This kind of structure often forms before a continuation leg, especially when the pullback is shallow after a strong expansion.
Trade Setup
• Entry Zone: 0.93 – 0.96
• Target 1: 1.02
• Target 2: 1.06
• Target 3: 1.12
• Stop Loss: 0.90
If OG reclaims 0.98–1.00 with volume, it would confirm strength and open the door for a move back toward the highs and potentially beyond. Failure to hold 0.93 would invalidate the setup and signal deeper consolidation.
This is a classic impulse → pause → continuation structure. The next move depends on volume expansion, but the structure itself remains bullish as long as price stays above support.
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