🚀 $ONG/USDT — Bullish Breakout Facing Profit-Taking
ONG has gained more than 22% and reached a 24-hour high of $0.08450. On the 2H chart, price remains above EMA 7, EMA 25, EMA 99, MA 44 and the Supertrend, confirming strong bullish momentum. However, the rejection from $0.08450 and 61.76% sell-side order-book pressure show that profit-taking is active.
The safer long setup is a successful hold of the $0.0715–$0.0730 support zone followed by a recovery above $0.0774. The upside targets are $0.0802, $0.0845 and $0.0865, while the clear stop-loss should be placed below $0.0682 on a 2H closing basis.
The short setup becomes valid only if ONG closes below the Bollinger upper-band support at $0.0714 and fails to reclaim it. The downside targets would be $0.0674, $0.0658 and $0.0623, with a stop-loss above $0.0775.
The overall direction remains bullish while $0.0658 holds, but chasing the current pump is risky after the sharp rejection. Wait for a confirmed retest or breakout.
#ONG #Ongusdt #crypto #BinanceSquare #TradingSignal
ONG has gained more than 22% and reached a 24-hour high of $0.08450. On the 2H chart, price remains above EMA 7, EMA 25, EMA 99, MA 44 and the Supertrend, confirming strong bullish momentum. However, the rejection from $0.08450 and 61.76% sell-side order-book pressure show that profit-taking is active.
The safer long setup is a successful hold of the $0.0715–$0.0730 support zone followed by a recovery above $0.0774. The upside targets are $0.0802, $0.0845 and $0.0865, while the clear stop-loss should be placed below $0.0682 on a 2H closing basis.
The short setup becomes valid only if ONG closes below the Bollinger upper-band support at $0.0714 and fails to reclaim it. The downside targets would be $0.0674, $0.0658 and $0.0623, with a stop-loss above $0.0775.
The overall direction remains bullish while $0.0658 holds, but chasing the current pump is risky after the sharp rejection. Wait for a confirmed retest or breakout.
#ONG #Ongusdt #crypto #BinanceSquare #TradingSignal