🪙 $ONG
🟢 LONG | 1H
🟢 Entry: 0.09305 — 0.09328
🛑 Stop: 0.09130
🟢 TP1: 0.09691
🟢 TP2: 0.09823
🟢 TP3: 0.09977
📉 RSI at an extreme oversold level of 21.01 (<25), with price resting on the lower Bollinger Band at 0.09337 and the 24h low at 0.09305, establishing a strong support confluence. While the MACD is bearish, it is bottoming out to signal downside momentum exhaustion. Although the EMA cluster points downward, a mean-reversion move toward the upper Bollinger Band is probable. Entry is set at current levels, with a stop loss placed safely below the 0.09130 support level. TP1 targets the upper Bollinger Band for an R:R of ~1:2, TP2 aims at the EMA99, and TP3 targets the EMA200, utilizing a 1% risk allocation.
⚠️ Disclaimer: Not financial advice!
🪙 $ONG
🟢 LONG | 1H
🟢 Entry: 0.09305 — 0.09328
🛑 Stop: 0.09130
🟢 TP1: 0.09691
🟢 TP2: 0.09823
🟢 TP3: 0.09977
📉 RSI at an extreme oversold level of 21.01 (<25), with price resting on the lower Bollinger Band at 0.09337 and the 24h low at 0.09305, establishing a strong support confluence. While the MACD is bearish, it is bottoming out to signal downside momentum exhaustion. Although the EMA cluster points downward, a mean-reversion move toward the upper Bollinger Band is probable. Entry is set at current levels, with a stop loss placed safely below the 0.09130 support level. TP1 targets the upper Bollinger Band for an R:R of ~1:2, TP2 aims at the EMA99, and TP3 targets the EMA200, utilizing a 1% risk allocation.
⚠️ Disclaimer: Not financial advice!
🪙 $ONG