๐จ $ONG BREAKS STRUCTURAL SUPPORT AS INSTITUTIONAL SELLER FLOW INTENSIFIES ๐
Entry: 0.0822524 โ 0.0825076 โก
Target: 0.0767982 ๐ฏ
Stop Loss: 0.0851709 ๐
๐ Multiple timeframe analysis confirms a decisive structural breakdown for $ONG , with price sustaining firmly below both the 50 and 200 EMAs across the 1H and 4H horizons. ๐ Persistent supply is dominating this supply retest as the 15-minute ADX crosses 29.2, confirming sustained distribution momentum.
๐ก Optimal execution favors de-risking at lower intermediate targets before letting runner positions sweep liquidity into the macro floor. ๐ฌ Are you taking the short continuation here or anticipating a dead-cat bounce first? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ONG #ShortSetup #PriceAction #CryptoTrading #Bearish
๐ฏ ๐ฆ
Entry: 0.0822524 โ 0.0825076 โก
Target: 0.0767982 ๐ฏ
Stop Loss: 0.0851709 ๐
๐ Multiple timeframe analysis confirms a decisive structural breakdown for $ONG , with price sustaining firmly below both the 50 and 200 EMAs across the 1H and 4H horizons. ๐ Persistent supply is dominating this supply retest as the 15-minute ADX crosses 29.2, confirming sustained distribution momentum.
๐ก Optimal execution favors de-risking at lower intermediate targets before letting runner positions sweep liquidity into the macro floor. ๐ฌ Are you taking the short continuation here or anticipating a dead-cat bounce first? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ONG #ShortSetup #PriceAction #CryptoTrading #Bearish
๐ฏ ๐ฆ