This wave of underlying weakness isn’t a buying opportunity—it’s a reminder not to rush into buying the dip. $ONG The price has stayed below both moving averages on the four-hour chart. The rebounds look lively, but each one gets pushed back down, and volume hasn’t followed through. Given this structure, I’d rather lean in the direction of weakness. The area around the moving averages above is key: if the price rebounds into it but can’t hold, that shows the bears are still in control.
Looking lower, the previous low is the first level to watch. If it breaks, the decline could gather momentum. Don’t let small rebounds throw you off course. Until the structure turns, selling into strength is more comfortable than chasing a rally.
🔴 Trade direction: Short
📍 Entry range: 0.0619863 – 0.0622372
🛑 Stop loss: 0.0640604
🎯 Take profit 1: 0.0606503
🎯 Take profit 2: 0.0596759
🎯 Take profit 3: 0.0582144
There’s no need to chase the trend; it will settle in on its own.
Stand alongside Sister Li, and let every moment resonate.
#ONG
Click below to trade 👇
Looking lower, the previous low is the first level to watch. If it breaks, the decline could gather momentum. Don’t let small rebounds throw you off course. Until the structure turns, selling into strength is more comfortable than chasing a rally.
🔴 Trade direction: Short
📍 Entry range: 0.0619863 – 0.0622372
🛑 Stop loss: 0.0640604
🎯 Take profit 1: 0.0606503
🎯 Take profit 2: 0.0596759
🎯 Take profit 3: 0.0582144
There’s no need to chase the trend; it will settle in on its own.
Stand alongside Sister Li, and let every moment resonate.
#ONG
Click below to trade 👇