The previous XAU strategy I sent earlier has already realized profits in the last round. Chances to “pick up money” are often hidden behind a trap. $ONG is exactly that kind of feel right now. Look at the 4-hour chart: the price is being pressed down layer by layer by the moving averages. The short-term moving average is below the long-term moving average—that’s a classic bearish alignment. The hourly timeframe is similar too: each rebound has less momentum than the last, which shows buyers can’t hold it.
I don’t think there’s a direct reversal here. The cluster of moving averages overhead is a roadblock—if you push up into it, you’re likely to get knocked back. It’s more reliable to follow the trend and look for a pullback. Don’t get tricked into a small rebound. As long as the structure hasn’t turned, the bearish mindset stays the same.
🔴 Trade Direction: Short
📍 Entry Range: 0.0828784 – 0.0833512
🛑 Stop Loss: 0.0871582
🎯 Take Profit 1: 0.0800823
🎯 Take Profit 2: 0.0780606
🎯 Take Profit 3: 0.0750280
Deep in still waters lies far-sighted insight; when the market rises and falls, it remains calm and composed.
Stay together with Sister Fei and read the tide of wealth as it surges.
#ONG
Click below to trade 👇
I don’t think there’s a direct reversal here. The cluster of moving averages overhead is a roadblock—if you push up into it, you’re likely to get knocked back. It’s more reliable to follow the trend and look for a pullback. Don’t get tricked into a small rebound. As long as the structure hasn’t turned, the bearish mindset stays the same.
🔴 Trade Direction: Short
📍 Entry Range: 0.0828784 – 0.0833512
🛑 Stop Loss: 0.0871582
🎯 Take Profit 1: 0.0800823
🎯 Take Profit 2: 0.0780606
🎯 Take Profit 3: 0.0750280
Deep in still waters lies far-sighted insight; when the market rises and falls, it remains calm and composed.
Stay together with Sister Fei and read the tide of wealth as it surges.
#ONG
Click below to trade 👇