$ONG morning dip rebound—shorts thought they were breaking through, but it was actually liquidity being provided.
Over the past 24h, the price is up +16.17%, with trading volume reaching $31.3M. At around 5:00 AM, a sharp wick stabbed down to 0.0880 and was quickly bought back with volume by large funds, and the current price has returned to 0.0956.
What longs vs. shorts are fighting over now isn’t the previous high at 0.108, but whether the 0.0880 bottom is a false breakdown meant to lure shorts—or a secondary distribution trap set by the main players.
Watch 0.0920 closely. As long as pullbacks don’t break it, the short positions opened during the morning can be squeezed out at any time. But if it’s broken down through 0.0920 with increased volume, then the morning rebound will be the “get out now” wave.
Those who caught the pin at 0.0880 got paid nicely—so who’s still standing guard at the high and waiting to break even? Check the comments section for the battle report.
#暗影萨满 #ONG
Over the past 24h, the price is up +16.17%, with trading volume reaching $31.3M. At around 5:00 AM, a sharp wick stabbed down to 0.0880 and was quickly bought back with volume by large funds, and the current price has returned to 0.0956.
What longs vs. shorts are fighting over now isn’t the previous high at 0.108, but whether the 0.0880 bottom is a false breakdown meant to lure shorts—or a secondary distribution trap set by the main players.
Watch 0.0920 closely. As long as pullbacks don’t break it, the short positions opened during the morning can be squeezed out at any time. But if it’s broken down through 0.0920 with increased volume, then the morning rebound will be the “get out now” wave.
Those who caught the pin at 0.0880 got paid nicely—so who’s still standing guard at the high and waiting to break even? Check the comments section for the battle report.
#暗影萨满 #ONG