$ONG went from 0.082 up to 0.108 and then back to 0.096; amplitude up 30%+. Trading volume hit 477M—at this scale, that already says a lot. Many people are watching the pullback and turning bearish; I, however, think this is normal shakeout before the launch.
The key signal is in volume distribution. In the upswing, there was clearly increased volume; on the retest, volume actually shrank. This kind of structure isn’t common on $ONG . In the previous few times, it went down in a slow, quiet bleed with no volume. This time, the main force’s attitude looks different. The 0.096 level is right at the prior high support; if it holds there, that’s the starting point for the second wave.
Don’t wait for it to break 0.108 before chasing. By then, the risk-to-reward won’t be there. On-chain data also shows large-holder addresses are steadily accumulating, while retail traders are the ones running. Whether you stand with the main force or stand with the panic sellers—think it through yourself. The short-term target for $ONG : first look at 0.115; if it breaks, then look at 0.13.
The key signal is in volume distribution. In the upswing, there was clearly increased volume; on the retest, volume actually shrank. This kind of structure isn’t common on $ONG . In the previous few times, it went down in a slow, quiet bleed with no volume. This time, the main force’s attitude looks different. The 0.096 level is right at the prior high support; if it holds there, that’s the starting point for the second wave.
Don’t wait for it to break 0.108 before chasing. By then, the risk-to-reward won’t be there. On-chain data also shows large-holder addresses are steadily accumulating, while retail traders are the ones running. Whether you stand with the main force or stand with the panic sellers—think it through yourself. The short-term target for $ONG : first look at 0.115; if it breaks, then look at 0.13.