OG has recently shown multiple severe oversold signals across several cycles, but the trading volume has unusually expanded. This contradictory trend is indeed worth vigilance.

From a technical perspective, the 1-hour and 4-hour RSI have both fallen below 20, indicating an extreme oversold condition, while the 15-minute RSI remains relatively neutral. The 1-hour MACD histogram has just turned positive, but both lines are still deep below the zero axis. The most bizarre is the volume surge of 643%—is this caused by market panic selling leading to a dump, or smart money quietly accumulating at the bottom?

Currently, OG is weakly oscillating around 7.24. Resistance levels are at 7.50 and 7.80, while support levels are at 7.00 and 6.50.

If it breaks above 7.50, consider a light long position targeting 7.80, with a stop-loss at 7.30. But if it falls below 7.00, you should wait and see if 6.50 can hold. I recommend not trading near the current price, as the first rebound after a sharp drop is often a false move.

Honestly, my choice is **to wait and see**. The combination of oversold and huge volume is too easily misleading, and the direction is still unclear. Instead of betting on a rebound above 7.50, it’s better to wait for the 6.50 zone to show real support. Discipline always comes first.