$ONG is building one of those moves I don’t like ignoring… 👀
From $0.040 → $0.0643 high, now holding around $0.0595.
Not a random spike either.
Higher lows.
Higher highs.
Pullbacks keep getting bought.
$57.4M volume behind it.
The level I care about now is $0.057-$0.058.
Hold that → $0.0643 gets another test, and above it I’d watch $0.068-$0.070.
Lose $0.055 and the structure starts getting sloppy fast.
Personally… I’d rather wait for the retest than chase a candle that already ran 20%+. $ONG
From $0.040 → $0.0643 high, now holding around $0.0595.
Not a random spike either.
Higher lows.
Higher highs.
Pullbacks keep getting bought.
$57.4M volume behind it.
The level I care about now is $0.057-$0.058.
Hold that → $0.0643 gets another test, and above it I’d watch $0.068-$0.070.
Lose $0.055 and the structure starts getting sloppy fast.
Personally… I’d rather wait for the retest than chase a candle that already ran 20%+. $ONG