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OG is essentially a fan token, and its price is driven purely by emotions. Recent trend? A typical oscillating downward movement, with each rebound being a bull trap.
I looked at the 1-hour chart, and in the short term, it might bounce up to around 1.5 — but don't get too excited, this is most likely the last flicker of light. After that, it will probably continue to decline, and those who catch the falling knife will likely end up being "diamond hands."
If you want to trade contracts, shorting is the main theme, but you need to keep an eye on short-term pullbacks of 1 to 4 hours, so you don't get washed out. For swing trading, remember to set a stop-loss range, after all, the volatility of this coin can make your heart stop.
Friends who are buying at high positions... face the reality, holding long-term is equivalent to chronic blood loss.
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Rebound at 1.5 and run, chronic bleeding is pointless.
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Shorting contracts needs to be done quickly, stop loss must be set firmly.
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This is how the fan coin is, the emotional market is not worth watching.
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Brothers who bought at high positions, what's your mindset now?
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How to play during the downward fluctuations, feels like there are no opportunities.
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There are plenty of diamond hands, it hurts.
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Buy the dip during a short-term pullback? Don't talk nonsense, continue going down.
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The fluctuations are so fierce, be careful of getting liquidated.
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Holding this coin long-term will indeed lead to bleeding.
Here we go again, talking about bull traps every day, but in the end, we still have to catch the knives.
Shorting contracts sounds great, but in reality, it's even worse than momentum investing.
Standing guard at high positions, it's all tears when you talk about it.
This coin should have been dead long ago, why is it still struggling?
That's how it is in an emotional market, when it rises, everyone is a celebrity, and when it falls, they all play dead.
Watching the market for 1 to 4 hours? I'd rather have a good sleep.
Bull traps come one after another, I stopped believing in them a long time ago.
Chronic blood loss is mild, let's just say the blood vessels burst directly.
The fate of fan coins is like this, there’s nothing to be done.
That rebound at 1.5 was indeed the last struggle, I bet five bucks it's going to continue to fall.
Shorting is definitely an option, but you really have to stick to the stop loss, otherwise you'll be played for suckers.
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Thinking about escaping during a rebound? Too naive, brother.
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This coin is just a machine for playing suckers, don't talk about holding for the long term.
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The 1-hour chart looks indeed dangerous, who still dares to buy the dip?
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The scariest part of an emotional market is that it can reverse in the next second.
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Contract trading requires a steely heart; when the fluctuation comes, it can scare you to death.
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Bro at the high point, stop struggling, just take your losses.
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This downward trend looks off, gotta watch out for bear traps too.
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If it jumps to 1.5 in the short term, just run, don't be greedy.
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Diamond hand? That's just a synonym for being trapped.