$ONG THE DROP IS NOT OVER YET?
$ONG has already dropped around 20%, but looking at the 4H chart, the selling pressure still looks strong.
If this weakness continues, $ONG could see a much deeper correction from the recent high, potentially completing a 55%+ decline from the peak area.
The key level now is around $0.060. If that support breaks, the downside could get much more aggressive.
Bears are still in control — watch the next move carefully.
$ONG has already dropped around 20%, but looking at the 4H chart, the selling pressure still looks strong.
If this weakness continues, $ONG could see a much deeper correction from the recent high, potentially completing a 55%+ decline from the peak area.
The key level now is around $0.060. If that support breaks, the downside could get much more aggressive.
Bears are still in control — watch the next move carefully.