šØ $OG /USDT ā REJECTED⦠BUT NOT BROKEN šØ

+7% on the day
High: $0.708
Now trading around $0.656
Layer 1 / Layer 2 names are rotating quietly.
OG just made a strong push from $0.600 ā $0.708ā¦
Then got slapped back.
That wick wasnāt random.
It was liquidity getting harvested at the top.
Now the key question:
Was that distributionā¦
Or just a reset before continuation?
Hereās what the structure says:
š Strong impulse leg
š Controlled pullback
š Buyers still dominating (~66%)
š§± Base forming around $0.645ā$0.655
Decision zone:
š¢ Support: $0.640 ā $0.645
š“ Resistance: $0.690 ā $0.708
Scenario 1:
Hold above $0.640 and reclaim $0.690 ā
šÆ Retest of $0.710+ and potential breakout
Scenario 2:
Lose $0.640 with volume ā
ā ļø Slide back toward $0.615 liquidity pocket.
This isnāt weakness.
Itās compression after expansion.
And compression near highs usually precedes volatility.
The next move wonāt be quiet.
Are you preparing at supportā¦
Or waiting to chase above $0.70 again?
Trade the structure.
Not the excitement.