buy on weakness
OKB Pullback After 52% Weekly Rally — Buy on Weakness Near $92
I see OKB trading at $95.87 after a near 10% intraday drop, despite a strong weekly advance of 52.23%. The move looks like a sharp pullback inside a clear uptrend rather than a trend reversal.
I would watch for stabilization around the $92 low and expect resistance near $106. If price holds above $92 on decent volume, I’d consider adding size selectively while managing risk.
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Analysis
OKB shows high-volume bullish momentum over the week but a sharp intraday decline. The $92 area is a recent low and logical support; $106 is near-term resistance. The combination of strong weekly gain...
Recommendation
I recommend a buy-on-weakness approach: consider entering if OKB stabilizes above ~$92 with reduced selling pressure, use staggered entries and tight risk management (e.g., stop below recent low) and ...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.