ONG This rebound is most eye-catching where the money turned around at the door. In three hours, a large spot order totaling 12 large K-lines saw none go negative—net inflow of 43.59 million—pushing the price from 0.08 up to 0.10. But right when it touched today’s high of 0.108, in the last 15 minutes the large orders flipped and turned into a net outflow. In the most recent five K-lines, large orders cumulatively pulled out 13.50 million. The money that lifted you up has already left.
In the order book, everything is on the same side: active sell orders are pressing down on buy orders. The contract active buy/sell ratio is 0.93, and volume is only one or two times the average volume. Technically, even the volume-price divergence is already marked out—momentum is in overbought territory, and ATR is at extreme volatility. This isn’t what a proper breakout looks like. It’s a rebound to a price level nobody is stepping in to take.
There’s also a detail: the entry levels that KOLs kept calling for—0.0965 / 0.093 / 0.089—are all below the current price, even their own small target is set right by your feet. The longs who are shouting still don’t dare to add here.
So at this level I’m short. First I’ll watch the gap from 0.093 down to 0.089; 0.08 is a short-term support. If the spot large orders turn positive again, then reclaim and hold above 0.108 on increased volume, it would mean the earlier outflow was just a washout—shorts would have exited and then flipped back. #ong $ONG
In the order book, everything is on the same side: active sell orders are pressing down on buy orders. The contract active buy/sell ratio is 0.93, and volume is only one or two times the average volume. Technically, even the volume-price divergence is already marked out—momentum is in overbought territory, and ATR is at extreme volatility. This isn’t what a proper breakout looks like. It’s a rebound to a price level nobody is stepping in to take.
There’s also a detail: the entry levels that KOLs kept calling for—0.0965 / 0.093 / 0.089—are all below the current price, even their own small target is set right by your feet. The longs who are shouting still don’t dare to add here.
So at this level I’m short. First I’ll watch the gap from 0.093 down to 0.089; 0.08 is a short-term support. If the spot large orders turn positive again, then reclaim and hold above 0.108 on increased volume, it would mean the earlier outflow was just a washout—shorts would have exited and then flipped back. #ong $ONG
