⚠️ Coin $ONG rejects the previous peak and is preparing for a corrective bearish wave
🔴 Technical direction: clear sell rejection at the local top after the fast impulsive rally,
📍 Monitoring zone: 0.11345– 0.11650
🎯 Corrective price targets:
• Target 1: 0.11104
• Target 2: 0.10915
• Target 3: 0.10712
❌ Invalidate scenario: a 45-minute candle close above 0.12150
💡 Technical rationale: the price showed a noticeable pullback and the appearance of red sell candles after reaching the 0.12350 peak, coinciding with a decline in the current momentum indicator, and the movement entering a transitional phase with neutral bias, despite the oscillator temporarily stabilizing in the positive zone.
🔴 Technical direction: clear sell rejection at the local top after the fast impulsive rally,
📍 Monitoring zone: 0.11345– 0.11650
🎯 Corrective price targets:
• Target 1: 0.11104
• Target 2: 0.10915
• Target 3: 0.10712
❌ Invalidate scenario: a 45-minute candle close above 0.12150
💡 Technical rationale: the price showed a noticeable pullback and the appearance of red sell candles after reaching the 0.12350 peak, coinciding with a decline in the current momentum indicator, and the movement entering a transitional phase with neutral bias, despite the oscillator temporarily stabilizing in the positive zone.
