OG's recent performance is worth caution. The whale activity for this coin is obvious, and a bearish trend has already formed. The movement is very similar to TAKE from a while ago—both are the kind of patterns that can easily plunge.
From a technical perspective, the current price around 7.15 is a good entry point for shorting. Setting the stop loss at 7.7 is more prudent, leaving some breathing room. The target range is between 6.5 and 6, leaving room for potential decline.
The characteristic of such coins is that they fall quickly, but also rebound suddenly, so risk control is very important. If you are observing the trend of these two coins, you'll find the pattern is actually quite obvious.
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AllInDaddy
· 01-06 03:46
I'm tired of the phrase "trader" already. Every time they say there's a pattern, but it still ends up getting smashed.
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TommyTeacher
· 01-03 20:28
The market maker's move this time is really ruthless, I still vividly remember the TAKE incident.
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It's the same old trick, when it rebounds, it can catch you off guard.
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Entering short on 7.15, risk control must be in place, otherwise you'll get cut when the market reverses.
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This coin's temperament is really extreme, it drops quickly but also rises very fast, it's uncomfortable.
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The pattern is obvious as hell, every time I think I've figured it out, I get slapped in the face.
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Is 7.7 stop-loss a bit tight? Afraid of being washed out.
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The 6-dollar target might be a bit optimistic, it may not reach that level.
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It looks like a bearish setup, but I'm just worried it's a trap set by the big whales.
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GateUser-40edb63b
· 01-03 19:16
Another déjà vu of TAKE, is this time going to crash?
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Enter on 7.15? I'm scared, let's wait for the rebound.
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The dealer's move is really slick, they always miss the rhythm.
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That position at 6.5 is indeed tempting, but this coin's rebound is also impressive.
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Risk control is real, otherwise trading such coins is just asking for death.
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TokenSleuth
· 01-03 06:55
It's the same old trick, the market maker's washout routine.
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If you short on 7.15, you need to be very cautious; a rebound could lead to liquidation in minutes.
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I missed that move on TAKE, but this time I learned my lesson with OG.
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Fast decline and quick rebound? That's hard to predict. I think I'll stay on the sidelines.
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The technicals look good, but the order book is lying. Don't be fooled.
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Can this coin really reach 6.5-6? Feels uncertain.
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The market maker is too aggressive with this coin. I better stay away.
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Just a couple of days ago, I saw someone making a killing with reverse trading. Now, going short again? That's risky.
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Setting a stop loss at 7.7 feels not quite safe enough.
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Obvious patterns are bullshit; they're all after-the-fact analysis.
View OriginalReply0
MerkleTreeHugger
· 01-03 06:55
The market maker is so obvious, and there are still people taking the bait. I really can't believe it.
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BTCWaveRider
· 01-03 06:47
The market maker's tricks are deep, I won't follow anymore. I already lost last time when I took a position.
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Short on 7.15? I don't believe you. If this coin rebounds, it can directly liquidate you.
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Feels like a sickle again, maybe it's better to forget it.
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Obvious pattern? Then why are so many people still losing money?
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Stop loss at 7.7 is too tight, easy to be washed out.
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This wave is indeed a bit dangerous, but I still can't see the direction clearly.
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I also got cut during that TAKE wave. Now I have a big shadow over this type of coin.
View OriginalReply0
StealthMoon
· 01-03 06:39
Market makers shake out the market, I've seen this routine many times
Bearish moment, be cautious when going long
I missed the bottom during that move, this time OG doesn't want to miss out again
Something's off, protect yourself during the rebound
Stop loss at 7.7? I think tighter is safer
This coin is dropping so fast it's scary, really need to control the risk well
The 6.5 level feels like support
View OriginalReply0
pumpamentalist
· 01-03 06:30
It's the same old story. Last time when TAKE said this, it resulted in a sudden surge, and I lost my stop-loss orders.
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PonziWhisperer
· 01-03 06:27
Another market manipulation trap, I’m very familiar with this rhythm
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There are many bear traps, don’t get caught
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Can 6.5 hold? Feels uncertain
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Same death as TAKE, this coin is a bit toxic
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7.7 stop loss is too loose, I need to be more aggressive
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Drops quickly, rebounds quickly too, this is the most frustrating
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The technical analysis looks good, but the market makers don’t follow the usual patterns
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Want to short but afraid of being cut, too difficult
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Risk control is the most important for this type of coin, easy to say but hard to do
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Clear patterns are bullshit, every time they say the pattern is obvious, the results are swept away
OG's recent performance is worth caution. The whale activity for this coin is obvious, and a bearish trend has already formed. The movement is very similar to TAKE from a while ago—both are the kind of patterns that can easily plunge.
From a technical perspective, the current price around 7.15 is a good entry point for shorting. Setting the stop loss at 7.7 is more prudent, leaving some breathing room. The target range is between 6.5 and 6, leaving room for potential decline.
The characteristic of such coins is that they fall quickly, but also rebound suddenly, so risk control is very important. If you are observing the trend of these two coins, you'll find the pattern is actually quite obvious.