🔥 $ONG STABLED THE PULLBACK — THEY CAN TRY TO RALLY AGAIN!
$ONG made an excellent run-up from around $0.117 to $0.130, and afterwards has been consolidating instead of unwinding the whole move. The current pullback tests the $0.124–$0.123 range, and it’s precisely this level that will be the key one for the bulls……..
If it holds, can try to make an attempt on $0.130 again and maybe re-test $0.135. I am going to play the long side on the pullback instead of buying during the previous spike…….
🟢 $ONG LONG SETTING
Buy: $0.1238 – $0.1250
Stop loss: $0.1215
Target 1: $0.1285
Target 2: $0.1320
Target 3: $0.1350
This set up will stay bullish as long as $0.1215 holds. Any clear break above $0.1285 would be an indication of a more powerful movement, while failing the support zone would mean a breakdown. The volume has fallen after the first move, thus I need to wait for the volume to return before making any further movements……..
#WarshSaysInflationIsFedTopFocus
$ONG made an excellent run-up from around $0.117 to $0.130, and afterwards has been consolidating instead of unwinding the whole move. The current pullback tests the $0.124–$0.123 range, and it’s precisely this level that will be the key one for the bulls……..
If it holds, can try to make an attempt on $0.130 again and maybe re-test $0.135. I am going to play the long side on the pullback instead of buying during the previous spike…….
🟢 $ONG LONG SETTING
Buy: $0.1238 – $0.1250
Stop loss: $0.1215
Target 1: $0.1285
Target 2: $0.1320
Target 3: $0.1350
This set up will stay bullish as long as $0.1215 holds. Any clear break above $0.1285 would be an indication of a more powerful movement, while failing the support zone would mean a breakdown. The volume has fallen after the first move, thus I need to wait for the volume to return before making any further movements……..
#WarshSaysInflationIsFedTopFocus
