đšđ„ ONG drops SMLâIs this a chance to buy the golden bottom or just a big fish trap?! đ„đš
Bro $ONG , this morning I woke up and saw it had dumped hard near -12% in just 24h. Round about 0.1122 andâboomâthe sharks are at it again! A lot of folks who chased the top must be feeling nervous and trembling, but is this really the time for the âbottom huntersâ to strike? Letâs take a quick look at this setup:
* **Action plan:** With this strong sell-off, everyone trading should be extremely cautiousâavoid âcatching a falling knife.â You may consider waiting for clearer recovery signals, or a small technical rebound before restructuring your positions. For the âbottom hunters,â keep a very close eye on volume and strong support zonesârisk is still extremely high!
* **Key resistance/support:** Right now, the nearest resistance zone that $ONG needs to break to regain upward momentum is around 0.12â0.125. If it canât break through, selling pressure may continue. As for support, pay attention to the 0.10â0.105 area. If this breaks, the chances of retesting lower levels are very high.
* **Why up/down:** $ONG previously had a period of fairly strong âpumpâ thanks to ecosystem-related information and gas fees, pulling in FOMO money from everyone. However, this price drop is mostly due to profit-taking by âwhales,â and investors who bought at lower pricesâplus the overall market sentiment for altcoins is quite sensitive.
What do you think about this dump of $ONG ? Is the whale accumulating, or preparing another dump? Comment your thoughts below and Hit Follow me so you donât miss the next juicy opportunities!
#Altcoins #Binance #CryptoNews $ONG
Bro $ONG , this morning I woke up and saw it had dumped hard near -12% in just 24h. Round about 0.1122 andâboomâthe sharks are at it again! A lot of folks who chased the top must be feeling nervous and trembling, but is this really the time for the âbottom huntersâ to strike? Letâs take a quick look at this setup:
* **Action plan:** With this strong sell-off, everyone trading should be extremely cautiousâavoid âcatching a falling knife.â You may consider waiting for clearer recovery signals, or a small technical rebound before restructuring your positions. For the âbottom hunters,â keep a very close eye on volume and strong support zonesârisk is still extremely high!
* **Key resistance/support:** Right now, the nearest resistance zone that $ONG needs to break to regain upward momentum is around 0.12â0.125. If it canât break through, selling pressure may continue. As for support, pay attention to the 0.10â0.105 area. If this breaks, the chances of retesting lower levels are very high.
* **Why up/down:** $ONG previously had a period of fairly strong âpumpâ thanks to ecosystem-related information and gas fees, pulling in FOMO money from everyone. However, this price drop is mostly due to profit-taking by âwhales,â and investors who bought at lower pricesâplus the overall market sentiment for altcoins is quite sensitive.
What do you think about this dump of $ONG ? Is the whale accumulating, or preparing another dump? Comment your thoughts below and Hit Follow me so you donât miss the next juicy opportunities!
#Altcoins #Binance #CryptoNews $ONG