🚨 $0G Bearish Consolidation, I'd Short but monitor for spot-driven reversals

🔥$0G Bullish but overbought, I'd look for Long entry on pullback

• The overarching trend is unequivocally bullish, supported by the MA alignment, MACD, and spot market accumulation. However, multiple factors (overbought RSI/KDJ, price at BOLL upper band, recent contract outflows) point to a high probability of an imminent short-term pullback or consolidation.
• Do NOT enter at the current price. Wait for a pullback to a key support level to enter a long position.

Entry long $0G :
• Primary Zone: Near 0.93 (MA5) or support level 0.86.
• A deeper retrace to the BOLL middle band 0.87, which aligns closely with support zone, would be a high-probability, high-reward entry point.

Stop-Loss:
• For an entry near 0.93, a stop-loss around 0.90
• For an entry near 0.87, a stop-loss around 0.83

Target Price $0G :
• Immediate target 0.98 (retest of the recent high and BOLL upper band)
• A break above this could see a move towards the resistance at 1.05

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{future}(0GUSDT)
#0g #0GUSDT