$ONG compressing on the 1H, break watch
$ONG · NO TRADE · Conf 70%
Trade Plan:
Long trigger: break and hold above 0.10432
Short trigger: lose 0.09373
Until one gives there is no edge worth paying the spread for.
ONG/USDT 0.09444, -20.06% over 24h.
Why this setup?
- Price below the 200 EMA, long-term structure bearish
- EMA20 below EMA50, short-term momentum down
- 4H trend leaning down
- RSI(14) at 24.4 with volume x0.66 against the 20-bar average.
Key levels: S 0.09373 · 0.09204 · 0.08800 | R 0.10432 · 0.10830 · 0.10978
Debate:
Which side breaks first on ONG, and does the first break even hold?
Trade ONG: spot https://www.binance.com/en/trade/ONG_USDT | futures https://www.binance.com/en/futures/ONGUSDT
$ONG #ONG #Write2Earn #MarketOutlook #CryptoTrading
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
$ONG · NO TRADE · Conf 70%
Trade Plan:
Long trigger: break and hold above 0.10432
Short trigger: lose 0.09373
Until one gives there is no edge worth paying the spread for.
ONG/USDT 0.09444, -20.06% over 24h.
Why this setup?
- Price below the 200 EMA, long-term structure bearish
- EMA20 below EMA50, short-term momentum down
- 4H trend leaning down
- RSI(14) at 24.4 with volume x0.66 against the 20-bar average.
Key levels: S 0.09373 · 0.09204 · 0.08800 | R 0.10432 · 0.10830 · 0.10978
Debate:
Which side breaks first on ONG, and does the first break even hold?
Trade ONG: spot https://www.binance.com/en/trade/ONG_USDT | futures https://www.binance.com/en/futures/ONGUSDT
$ONG #ONG #Write2Earn #MarketOutlook #CryptoTrading
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
