$ONG ===
I’m tracking ONG following its sharp breakout spike. The massive single-session surge shows heavy buying pressure, but entering immediately after a steep vertical move carries high risk. I’m waiting for a healthy retest of the breakout zone to secure a solid risk-to-reward ratio.
TRADE PLAN:
- Entry Zone: 0.1380 - 0.1440
- Target 1: 0.1650
- Target 2: 0.1820
- Stop Loss: 0.1310
WHY THIS SETUP WORKS:
I'm targeting the classic breakout-and-retest structure. After a 47% expansion, early buyers take profits, forcing a short-term pullback. I’m entering at the former resistance zone (0.1380 - 0.1440), which acts as new support, allowing me to join the second wave with a tight, well-defined stop loss.
#XRPRallies44%InAWeek #CryptoFearGreedIndexHits74 #IranSaysHormuzOmanDealNotFinalized #SECSendsCryptoCustodyRuleToWhiteHouse #NvidiaRises4%OnRevenueBeat
I’m tracking ONG following its sharp breakout spike. The massive single-session surge shows heavy buying pressure, but entering immediately after a steep vertical move carries high risk. I’m waiting for a healthy retest of the breakout zone to secure a solid risk-to-reward ratio.
TRADE PLAN:
- Entry Zone: 0.1380 - 0.1440
- Target 1: 0.1650
- Target 2: 0.1820
- Stop Loss: 0.1310
WHY THIS SETUP WORKS:
I'm targeting the classic breakout-and-retest structure. After a 47% expansion, early buyers take profits, forcing a short-term pullback. I’m entering at the former resistance zone (0.1380 - 0.1440), which acts as new support, allowing me to join the second wave with a tight, well-defined stop loss.
#XRPRallies44%InAWeek #CryptoFearGreedIndexHits74 #IranSaysHormuzOmanDealNotFinalized #SECSendsCryptoCustodyRuleToWhiteHouse #NvidiaRises4%OnRevenueBeat