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OGN - Decision time
OGN is consolidating well and its about to reach the end of downtrend channel.
It is at fib 0.5 support but broke 200EMA support.
Any BTC movement can make this fall more towards fib .618 levels, so if you are entering be careful to have your stops tight.
I will rather wait before entering since BTC is also consolidating which is not a good sign since it can move in any direction and mostly that will be upside.
It is at fib 0.5 support but broke 200EMA support.
Any BTC movement can make this fall more towards fib .618 levels, so if you are entering be careful to have your stops tight.
I will rather wait before entering since BTC is also consolidating which is not a good sign since it can move in any direction and mostly that will be upside.
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4Hr
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