🔴 SHORT $ONG/USDT – Sellers have the advantage!
ONG is showing signs of weakness, with the price below the EMA50 and EMA200 on the 4H timeframe, while the 1H trend is also leaning bearish.
📍 Entry zone: 0.06188 – 0.06205
🎯 TP1: 0.06060
🎯 TP2: 0.05969
🎯 TP3: 0.05832
🛑 Stop Loss: 0.06379
⚠️ Note: RSI Z is at -2.99, indicating that ONG is approaching oversold territory, so watch out for dip-buying pressure.
My strategy: Take profit on 50% at TP1, 25% at TP2, and 25% at TP3, and move the SL to the entry point after TP1 is reached.
Sellers could push ONG down to the 0.0583 area, but manage your risk instead of chasing the price!
ONG is showing signs of weakness, with the price below the EMA50 and EMA200 on the 4H timeframe, while the 1H trend is also leaning bearish.
📍 Entry zone: 0.06188 – 0.06205
🎯 TP1: 0.06060
🎯 TP2: 0.05969
🎯 TP3: 0.05832
🛑 Stop Loss: 0.06379
⚠️ Note: RSI Z is at -2.99, indicating that ONG is approaching oversold territory, so watch out for dip-buying pressure.
My strategy: Take profit on 50% at TP1, 25% at TP2, and 25% at TP3, and move the SL to the entry point after TP1 is reached.
Sellers could push ONG down to the 0.0583 area, but manage your risk instead of chasing the price!
