🚀 $ONG /USDT: Classic Short Squeeze or Trap?
ONG coin shows aggressive growth (+117%), accompanied by extreme indicators:
Negative Funding Rate (-1.05%): Shorts pay huge fees to hold positions.
Whales in Long: 72% of profitable positions of large players are opened in long with an average entry price of ~$0.073.
Market in Shorts: Retail traders are mostly short (L/S Ratio 0.80–0.94), which creates fuel for further price increases.
📊 Trading plan:
🟢 LONG (For momentum continuation):
Entry: $0.1250 – $0.1280
Take profits: $0.1480 / $0.1600 / $0.1640
Stop loss: $0.1170
🔴 SHORT (For breakout and correction):
Entry: $0.1480 – $0.1550 (at reversal) or at breakdown $0.1280 down
Take profits: $0.1180 / $0.1030 / $0.0880
Stop loss: $0.1645
⚠️ Risk is increased due to profit taking by whales at peaks. Follow risk management!
ONG coin shows aggressive growth (+117%), accompanied by extreme indicators:
Negative Funding Rate (-1.05%): Shorts pay huge fees to hold positions.
Whales in Long: 72% of profitable positions of large players are opened in long with an average entry price of ~$0.073.
Market in Shorts: Retail traders are mostly short (L/S Ratio 0.80–0.94), which creates fuel for further price increases.
📊 Trading plan:
🟢 LONG (For momentum continuation):
Entry: $0.1250 – $0.1280
Take profits: $0.1480 / $0.1600 / $0.1640
Stop loss: $0.1170
🔴 SHORT (For breakout and correction):
Entry: $0.1480 – $0.1550 (at reversal) or at breakdown $0.1280 down
Take profits: $0.1180 / $0.1030 / $0.0880
Stop loss: $0.1645
⚠️ Risk is increased due to profit taking by whales at peaks. Follow risk management!