In our last chat, we discussed the CL direction—and it’s already safely pulled in a round of gains. Incrementals are always more solid than stubborn talk. The way $ONG has been moving these past couple of days makes me feel that the bears are gradually gaining control. When you’re watching the chart, don’t just get excited about that one bullish candle—look at what follows in terms of volume. It’s clearly not keeping up, right? Let’s break down the structure: price has been grinding in a tight range, but the focus is quietly drifting lower.
Every rebound feels like it’s being held down by something. Behind the inability to move up is the continuous accumulation of selling pressure. I think the odds of a move downward from here are higher. Once the key level is broken, below it becomes a vacuum zone. Going short isn’t a gamble—it’s simply following the information the market is giving. Manage risk well, and the rest can be validated by the market.
🔴 Trade Direction: Short
📍 Entry Range: 0.15957 – 0.16507
🛑 Stop Loss: 0.17507
🎯 Take Profit 1: 0.15406
🎯 Take Profit 2: 0.15006
🎯 Take Profit 3: 0.14606
In still waters, deep foresight lies far away; market rises and falls with calm composure.
Join Faye Jie, and read the pulse of the surging wealth.
#ONG
Click below to trade 👇
Every rebound feels like it’s being held down by something. Behind the inability to move up is the continuous accumulation of selling pressure. I think the odds of a move downward from here are higher. Once the key level is broken, below it becomes a vacuum zone. Going short isn’t a gamble—it’s simply following the information the market is giving. Manage risk well, and the rest can be validated by the market.
🔴 Trade Direction: Short
📍 Entry Range: 0.15957 – 0.16507
🛑 Stop Loss: 0.17507
🎯 Take Profit 1: 0.15406
🎯 Take Profit 2: 0.15006
🎯 Take Profit 3: 0.14606
In still waters, deep foresight lies far away; market rises and falls with calm composure.
Join Faye Jie, and read the pulse of the surging wealth.
#ONG
Click below to trade 👇