The real climax often comes after the hard evidence. $ONG The four-hour moving averages are now bearishly aligned, with price below the EMA50 and EMA200. The one-hour structure is weakening in sync. This isn’t an isolated pullback—it’s confirmation of a trend building layer by layer. Selling pressure remains active, short-term candlesticks are closing lower, and volume shows no signs of a reversal.
As long as any rebound fails to reclaim the key cluster of moving averages overhead, the bearish structure remains intact. I’d favor following the trend and looking for further downside where the rebound loses steam. The daily chart is still range-bound, but the stacked bearish signals on the four-hour chart are driving the current momentum. Chasing a countertrend bounce doesn’t offer much upside for the risk, right?
🔴 Trade direction: Short
📍 Entry range: 0.0705725 – 0.0707386
🛑 Stop loss: 0.0725636
🎯 Take profit 1: 0.0692245
🎯 Take profit 2: 0.0682705
🎯 Take profit 3: 0.0668395
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the rise and fall of fortunes.
#ONG
Click below to trade 👇
As long as any rebound fails to reclaim the key cluster of moving averages overhead, the bearish structure remains intact. I’d favor following the trend and looking for further downside where the rebound loses steam. The daily chart is still range-bound, but the stacked bearish signals on the four-hour chart are driving the current momentum. Chasing a countertrend bounce doesn’t offer much upside for the risk, right?
🔴 Trade direction: Short
📍 Entry range: 0.0705725 – 0.0707386
🛑 Stop loss: 0.0725636
🎯 Take profit 1: 0.0692245
🎯 Take profit 2: 0.0682705
🎯 Take profit 3: 0.0668395
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the rise and fall of fortunes.
#ONG
Click below to trade 👇