ONG just pumped 10.5% and both RSI readings are screaming overbought. 🚨
4h RSI: 76.4. Daily RSI: 79.8. When both timeframes flash overbought simultaneously, pullbacks tend to follow. Volume is surging at 6.7x normal — classic exhaustion move territory.
The trend is undeniably strong. Price broke above SMA7 on the 4h and is holding above both SMA25 and SMA99 on the daily. But buying at overbought levels is how you become exit liquidity.
📌 Approach: WAIT for the dip
• Entry zone: $0.050 - $0.054
• Stop Loss: $0.045
• TP1: $0.065 | TP2: $0.072
• R:R = 1:1.9
Let the weak hands sell. Then you buy.
ONG runners or fading the overbought signal? 🤔
#ONG #CryptoTrading #DYOR
⚠️ Not financial advice. Crypto is volatile. Always do your own research.
4h RSI: 76.4. Daily RSI: 79.8. When both timeframes flash overbought simultaneously, pullbacks tend to follow. Volume is surging at 6.7x normal — classic exhaustion move territory.
The trend is undeniably strong. Price broke above SMA7 on the 4h and is holding above both SMA25 and SMA99 on the daily. But buying at overbought levels is how you become exit liquidity.
📌 Approach: WAIT for the dip
• Entry zone: $0.050 - $0.054
• Stop Loss: $0.045
• TP1: $0.065 | TP2: $0.072
• R:R = 1:1.9
Let the weak hands sell. Then you buy.
ONG runners or fading the overbought signal? 🤔
#ONG #CryptoTrading #DYOR
⚠️ Not financial advice. Crypto is volatile. Always do your own research.