Short setup on ONGUSDT hit TP3. Price moved +4.94% from entry in about 16h 26m. Spot move, no leverage. Always manage your risk. ๐๐ฏ
612 Ceros
ยท
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Bearish
ONG keeps a bearish stack across timeframes
๐ด SHORT $ONG /USDT: expecting price to go DOWN Bias: SHORT ยท Strong
Entry: 0.0794106 โ 0.0795694 TP1: 0.0780182 (-1.9%) TP2: 0.0770371 (-3.1%) TP3: 0.0755653 (-4.9%) SL: 0.0814524 (+2.5%) Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Why SHORT? 6/12 signals agree, 0 against. โข 4h trend down (below EMA50 & EMA200) โข 1h trend down (below EMA50 & EMA200) โข BTC is falling, this coin follows (corr 0.81)
The short version: 1. The daily trend is range, but the 4h trend is down with price below the 4h EMA50 and EMA200. 2. The 1h trend is down with price below the 1h EMA50 and EMA200, confirming the short-term move. 3. The idea is wrong if BTC reverses to bullish or if ONG breaks above the stop at 0.0814524.
Where is your invalidation level for this ONG short?
Levels mapped on the chart below.
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