🔴 ONG/USDT – SHORT BIAS
ONG is showing fairly bearish signals, with the price below the EMA50 and EMA200 on the 4H and 1H charts. Selling pressure remains dominant, creating the possibility of further price corrections.
📍 Entry zone: 0.0601 – 0.0603
🎯 TP1: 0.0586
🎯 TP2: 0.0575
🎯 TP3: 0.0559
🛑 Stop Loss: 0.0623
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.
⚠️ The current trend favors sellers. However, manage your capital carefully and avoid using excessive leverage.
ONG is showing fairly bearish signals, with the price below the EMA50 and EMA200 on the 4H and 1H charts. Selling pressure remains dominant, creating the possibility of further price corrections.
📍 Entry zone: 0.0601 – 0.0603
🎯 TP1: 0.0586
🎯 TP2: 0.0575
🎯 TP3: 0.0559
🛑 Stop Loss: 0.0623
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.
⚠️ The current trend favors sellers. However, manage your capital carefully and avoid using excessive leverage.
