The ZEC strategy I shared earlier has already taken profit in the previous round. Amid the undercurrents, the hard evidence from $ONG is already right there on the chart. On the four-hour chart, the price has stayed below EMA50 and EMA200. The moving averages remain bearishly aligned, and each rebound is weaker than the last. Does this price action look familiar?
The moving-average band above is a natural resistance zone. When volume fails to pick up as the price rebounds into that area, it shows that buyers can't sustain the move. Following the trend, the downside potential is more worth watching than the overhead resistance. Until the structure recovers, I’m inclined to treat rebounds as corrections.
🔴 Trade direction: Short
📍 Entry range: 0.0611243 – 0.0612789
🛑 Stop loss: 0.0629746
🎯 Take profit 1: 0.0598719
🎯 Take profit 2: 0.0589854
🎯 Take profit 3: 0.0576557
There's no need to chase the trend; the trend will come to you.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#ONG
Click below to trade 👇
The moving-average band above is a natural resistance zone. When volume fails to pick up as the price rebounds into that area, it shows that buyers can't sustain the move. Following the trend, the downside potential is more worth watching than the overhead resistance. Until the structure recovers, I’m inclined to treat rebounds as corrections.
🔴 Trade direction: Short
📍 Entry range: 0.0611243 – 0.0612789
🛑 Stop loss: 0.0629746
🎯 Take profit 1: 0.0598719
🎯 Take profit 2: 0.0589854
🎯 Take profit 3: 0.0576557
There's no need to chase the trend; the trend will come to you.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#ONG
Click below to trade 👇