$ONG

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​Did you really think chasing those ugly upper wicks at the local peak was a smart move? Go ahead and keep longing so your stops can finance our weekend.

​Trading signal: $ONG: SHORT

Entry: $0.05100 - $0.05250

Stop Loss: $0.05520

Take Profit Targets

TP1: $0.04850

TP2: $0.04550

TP3: $0.04350

​Massive rejection wicks around $0.05468 combined with waning buy volume signal severe buyer exhaustion and an inevitable mean-reversion retrace toward core moving average supports.