$ONG just painted an 80 RSI and everyone's screaming overbought like it's a death sentence.
Wrong.
Volume is 5.6x the 20-day average. Shorts are paying longs. Price structure is clean above both the 20 and 50 day MA. This isn't retail fomo, this is positioning before a real leg.
Yeah it's up 28% in four hours. So what? That's not the top, that's the shakeout before continuation. If you're waiting for a pullback to "buy the dip" you're gonna watch this thing run another 40% and convince yourself you were right to wait.
Most people will sell into strength here and regret it in three days.
I'm holding through 10 cents minimum. 🎯
Overbought can stay overbought longer than your patience lasts.
Where do you think this actually stalls? 💬
#ONG #Binance #Altcoin
Wrong.
Volume is 5.6x the 20-day average. Shorts are paying longs. Price structure is clean above both the 20 and 50 day MA. This isn't retail fomo, this is positioning before a real leg.
Yeah it's up 28% in four hours. So what? That's not the top, that's the shakeout before continuation. If you're waiting for a pullback to "buy the dip" you're gonna watch this thing run another 40% and convince yourself you were right to wait.
Most people will sell into strength here and regret it in three days.
I'm holding through 10 cents minimum. 🎯
Overbought can stay overbought longer than your patience lasts.
Where do you think this actually stalls? 💬
#ONG #Binance #Altcoin