The SKHYNIX strategy we shared earlier has already hit its profit target. Risk-reward opportunities are emerging, and the market structure for $ONG is confirming the setup. Neither the 4-hour nor the 1-hour chart has reclaimed the moving averages; the rebound looks more like it's clearing the way for bears. Don't let one bullish candle throw you off track. The 15-minute ADX is nearing 49, and sellers are still pressing the gas. Chasing longs at this volume offers poor risk-reward.
Let's keep an eye on the resistance zone above. As price approaches it, that could be an opportunity to position for a short. To the downside, we'll first watch to see whether price can break smoothly below the previous low. If volume picks up and price reclaims the level above our stop-loss, we'll admit we're wrong and exit—no fighting the market structure.
🔴 Trade direction: Short
📍 Entry zone: 0.0777179 – 0.0781022
🛑 Stop-loss: 0.0826496
🎯 Take profit 1: 0.0743554
🎯 Take profit 2: 0.0719857
🎯 Take profit 3: 0.0684310
There's no need to chase the trend; the trend will come to you.
Stand shoulder to shoulder with Sister Li, and make every moment count.
#ONG
Click below to trade 👇
Let's keep an eye on the resistance zone above. As price approaches it, that could be an opportunity to position for a short. To the downside, we'll first watch to see whether price can break smoothly below the previous low. If volume picks up and price reclaims the level above our stop-loss, we'll admit we're wrong and exit—no fighting the market structure.
🔴 Trade direction: Short
📍 Entry zone: 0.0777179 – 0.0781022
🛑 Stop-loss: 0.0826496
🎯 Take profit 1: 0.0743554
🎯 Take profit 2: 0.0719857
🎯 Take profit 3: 0.0684310
There's no need to chase the trend; the trend will come to you.
Stand shoulder to shoulder with Sister Li, and make every moment count.
#ONG
Click below to trade 👇