Whales are capping upside near key resistance.
$ONG
Bias: Short-term downside pressure from whale sell walls.
Trade Plan
Entry: 0.08395
SL: 0.084244
TP: 0.083572 (TP1), 0.061769 (TP2)
Market Evidence:
• Whale resistance detected at entry—order book stacked against longs.
• Taker sell flow dominant, reinforcing bearish momentum.
• Negative funding (-0.0006%) suggests short squeeze potential fading.
Risk:
• Stable OI (+1.6%) and sideways structure may limit downside follow-through.
Watch: Whale wall absorption or taker buy flip for invalidation.
#ShortSetup #WhaleResistance #ONGUSDT
$ONG
Bias: Short-term downside pressure from whale sell walls.
Trade Plan
Entry: 0.08395
SL: 0.084244
TP: 0.083572 (TP1), 0.061769 (TP2)
Market Evidence:
• Whale resistance detected at entry—order book stacked against longs.
• Taker sell flow dominant, reinforcing bearish momentum.
• Negative funding (-0.0006%) suggests short squeeze potential fading.
Risk:
• Stable OI (+1.6%) and sideways structure may limit downside follow-through.
Watch: Whale wall absorption or taker buy flip for invalidation.
#ShortSetup #WhaleResistance #ONGUSDT