The final act often lies in the details. This time, $ONG is testing whether the bearish trend has staying power. The chart says it all: on both the 4-hour and 1-hour charts, prices are trading below the two EMAs, making the short-term weakness clear.
Price is now hovering near the bottom of the range. Buyers may put up some resistance here, so don’t expect the move to play out all at once—taking profits in stages is the steadier approach. As long as price fails to reclaim the moving-average resistance, we’ll stick with the bearish structure. Any rebound could offer a better opportunity to enter short positions.
🔴 Trade direction: Short
📍 Entry range: 0.0618745 – 0.0620404
🛑 Stop loss: 0.0637773
🎯 Take profit 1: 0.0605926
🎯 Take profit 2: 0.0596827
🎯 Take profit 3: 0.0583178
There’s no need to chase the trend—the right moment will come.
Stand alongside Sister Li, and let every moment leave an echo.
#ONG
Click below to trade 👇
Price is now hovering near the bottom of the range. Buyers may put up some resistance here, so don’t expect the move to play out all at once—taking profits in stages is the steadier approach. As long as price fails to reclaim the moving-average resistance, we’ll stick with the bearish structure. Any rebound could offer a better opportunity to enter short positions.
🔴 Trade direction: Short
📍 Entry range: 0.0618745 – 0.0620404
🛑 Stop loss: 0.0637773
🎯 Take profit 1: 0.0605926
🎯 Take profit 2: 0.0596827
🎯 Take profit 3: 0.0583178
There’s no need to chase the trend—the right moment will come.
Stand alongside Sister Li, and let every moment leave an echo.
#ONG
Click below to trade 👇