The SOL strategy setup shared earlier has played out, and this round of profits is already locked in. Don’t let the conflicting opinions throw you off—the window is still the main focus. $ONG The four-hour moving averages are exerting strong pressure. Price is stuck below the EMA50, with the EMA200 much further overhead. The bearish alignment remains intact; this is just a corrective bounce, not a reversal.
Volume hasn’t picked up, and every bullish candle overhead is short, showing that buyers can’t sustain the move. At this level, I’m inclined to follow the trend and look for a pullback. Moving-average resistance combined with fading momentum makes the chart structure more reliable than sentiment. Short-term oversold conditions may trigger a bounce, but that won’t change the downward rhythm. Unless price can reclaim the key level, the bears remain in control.
🔴 Trade direction: Short
📍 Entry range: 0.0653600 – 0.0657319
🛑 Stop loss: 0.0692959
🎯 Take profit 1: 0.0627335
🎯 Take profit 2: 0.0608585
🎯 Take profit 3: 0.0580461
Take in the vastness of the mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#ONG
Click below to trade 👇
Volume hasn’t picked up, and every bullish candle overhead is short, showing that buyers can’t sustain the move. At this level, I’m inclined to follow the trend and look for a pullback. Moving-average resistance combined with fading momentum makes the chart structure more reliable than sentiment. Short-term oversold conditions may trigger a bounce, but that won’t change the downward rhythm. Unless price can reclaim the key level, the bears remain in control.
🔴 Trade direction: Short
📍 Entry range: 0.0653600 – 0.0657319
🛑 Stop loss: 0.0692959
🎯 Take profit 1: 0.0627335
🎯 Take profit 2: 0.0608585
🎯 Take profit 3: 0.0580461
Take in the vastness of the mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#ONG
Click below to trade 👇