$ONG /USDT — Short Setup (Exhaustion Fade)
📉 Bias: Short / Fade the pump
🎯 Thesis: Parabolic move (+82% in 24h) rejected hard from $0.195 high, red 4H candle engulfing prior gains, sell-side order book pressure (80–88% ask)
Entry:
Aggressive: $0.1130–0.1140 (current zone, on continued breakdown of MA7)
Conservative: Wait for retest/rejection of $0.1200–0.1240 (former support-turned-resistance)
Stop-Loss:
$0.1250 (above MA7 reclaim / invalidates breakdown thesis)
Targets:
TP1: $0.0955 (round-number support / prior consolidation)
TP2: $0.0822 (next MA/structure support)
TP3: $0.0591 (24h low, full retrace)
Risk/Reward: ~1:2 to 1:3 depending on target
$BB