📉 ONG/USDT — Short-Term Correction Setup
The broader market may still look bullish, but $ONG is showing signs of short-term weakness. After a strong rally, price has pulled back below the MA(7) ≈ 0.08475, while the current price is around 0.07838.
🟢 $ONG/USDT — SHORT WATCH | High Risk
Trade Plan:
Entry: 0.0785 – 0.0800
SL: 0.0838
TP1: 0.0755
TP2: 0.0725
TP3: 0.0680
🔎 Why this setup?
$ONG is currently trading below its short-term MA(7), suggesting that bullish momentum has weakened after the recent rally.
The 0.0833–0.0848 zone is an important area to watch. If price fails to reclaim this zone and selling pressure continues, a deeper correction toward the lower targets becomes possible.
However, the daily MA(99) is around 0.06003, so the larger structure has not completely broken down.
⚠️ This is a counter-trend short setup. If $ONG breaks and holds above 0.0838–0.0848, this bearish setup should be considered invalid.
💬 Debate
🐂 Will ONG reclaim 0.0848 and continue higher?
🐻 Or will sellers push it toward 0.0755 → 0.0725?
What’s your prediction? 👇
⚠️ Personal market analysis only. NFA — DYOR & manage risk.
Educational content only, not financial advice or a recommendation to buy/sell any asset.
The broader market may still look bullish, but $ONG is showing signs of short-term weakness. After a strong rally, price has pulled back below the MA(7) ≈ 0.08475, while the current price is around 0.07838.
🟢 $ONG/USDT — SHORT WATCH | High Risk
Trade Plan:
Entry: 0.0785 – 0.0800
SL: 0.0838
TP1: 0.0755
TP2: 0.0725
TP3: 0.0680
🔎 Why this setup?
$ONG is currently trading below its short-term MA(7), suggesting that bullish momentum has weakened after the recent rally.
The 0.0833–0.0848 zone is an important area to watch. If price fails to reclaim this zone and selling pressure continues, a deeper correction toward the lower targets becomes possible.
However, the daily MA(99) is around 0.06003, so the larger structure has not completely broken down.
⚠️ This is a counter-trend short setup. If $ONG breaks and holds above 0.0838–0.0848, this bearish setup should be considered invalid.
💬 Debate
🐂 Will ONG reclaim 0.0848 and continue higher?
🐻 Or will sellers push it toward 0.0755 → 0.0725?
What’s your prediction? 👇
⚠️ Personal market analysis only. NFA — DYOR & manage risk.
Educational content only, not financial advice or a recommendation to buy/sell any asset.
