$ONG
Short-Term Trading Opportunity | ONG/USDT
Trade type: Spot Buy
Timeframe: 4 hours
Strategy: Resistance breakout and retest
Entry zone:
0.0723 – 0.0728 USDT
Entry is conditional on a 4-hour candle closing above 0.0727, followed by a successful retest and holding above the zone.
Price targets:
- TP1: 0.0747
- TP2: 0.0772
- TP3: 0.0800
Stop loss:
0.0690 USDT
Capital management:
- 40% initial entry.
- 30% after confirmation that the breakout is continuing.
- 30% reserve.
Alternative scenario:
If the breakout fails or 0.0701 is broken, cancel the entry and wait; do not chase the price.
My technical view:
The coin is in a downtrend, but a breakout above 0.0727 and holding above it may offer an opportunity for a short-term bullish rebound. It is best to wait for confirmation and not rush.
This is a technical analysis, not a guarantee of profit or binding investment advice. Risk management is essential.
Study the chart carefully
Good luck to everyone 👍
#ONG #ONGUSDT #Binance #Crypto #SpotTrading
#TechnicalAnalysis
Short-Term Trading Opportunity | ONG/USDT
Trade type: Spot Buy
Timeframe: 4 hours
Strategy: Resistance breakout and retest
Entry zone:
0.0723 – 0.0728 USDT
Entry is conditional on a 4-hour candle closing above 0.0727, followed by a successful retest and holding above the zone.
Price targets:
- TP1: 0.0747
- TP2: 0.0772
- TP3: 0.0800
Stop loss:
0.0690 USDT
Capital management:
- 40% initial entry.
- 30% after confirmation that the breakout is continuing.
- 30% reserve.
Alternative scenario:
If the breakout fails or 0.0701 is broken, cancel the entry and wait; do not chase the price.
My technical view:
The coin is in a downtrend, but a breakout above 0.0727 and holding above it may offer an opportunity for a short-term bullish rebound. It is best to wait for confirmation and not rush.
This is a technical analysis, not a guarantee of profit or binding investment advice. Risk management is essential.
Study the chart carefully
Good luck to everyone 👍
#ONG #ONGUSDT #Binance #Crypto #SpotTrading
#TechnicalAnalysis
