$ONG /USDT Short Trade: Strong Downtrend Expected! 📉
Technical indicators strongly favor sellers (7 out of 12 signals confirm a decline). The 4-hour and 1-hour timeframes are trading below the key moving averages.
- Bias: Strongly bearish (SHORT)
- Entry zone: 0.0836973 – 0.0839227
- TP1: 0.0816991 (-2.5%)
- TP2: 0.0802919 (-4.2%)
- TP3: 0.0781810 (-6.7%)
- SL: 0.0866245 (+3.4%)
Execution plan: Enter only within the specified entry zone. Close half the position at TP1 and move the SL to the entry point.
Quick analysis:
- The 4h and 1h trends continue to decline (below EMA50 and EMA200).
- Strong bearish momentum is supported by an ADX of 28.5 on the 15-minute timeframe and an RSI of 30.3 on the 1-hour timeframe.
- Risk note: Price is -3.4 ATR away from the 1h EMA50—be alert to the possibility of a temporary rebound before the decline continues.
$ONG
Technical indicators strongly favor sellers (7 out of 12 signals confirm a decline). The 4-hour and 1-hour timeframes are trading below the key moving averages.
- Bias: Strongly bearish (SHORT)
- Entry zone: 0.0836973 – 0.0839227
- TP1: 0.0816991 (-2.5%)
- TP2: 0.0802919 (-4.2%)
- TP3: 0.0781810 (-6.7%)
- SL: 0.0866245 (+3.4%)
Execution plan: Enter only within the specified entry zone. Close half the position at TP1 and move the SL to the entry point.
Quick analysis:
- The 4h and 1h trends continue to decline (below EMA50 and EMA200).
- Strong bearish momentum is supported by an ADX of 28.5 on the 15-minute timeframe and an RSI of 30.3 on the 1-hour timeframe.
- Risk note: Price is -3.4 ATR away from the 1h EMA50—be alert to the possibility of a temporary rebound before the decline continues.
$ONG