$ONG is up 16.35% today, but I’m more interested in what happened after the 0.08888 high.
On the 15m chart, price pushed above the upper Bollinger Band near 0.08723, then pulled back to 0.08684. That tells me momentum is strong, but the move is also getting stretched in the short term.
The key area for me now is whether $ONG can hold above the Bollinger mid-band around 0.08199 if the pullback continues.
I wouldn’t chase the spike here. I’d rather watch how price reacts around that level and whether buyers can keep the breakout structure intact.$ONG
On the 15m chart, price pushed above the upper Bollinger Band near 0.08723, then pulled back to 0.08684. That tells me momentum is strong, but the move is also getting stretched in the short term.
The key area for me now is whether $ONG can hold above the Bollinger mid-band around 0.08199 if the pullback continues.
I wouldn’t chase the spike here. I’d rather watch how price reacts around that level and whether buyers can keep the breakout structure intact.$ONG