🚨 $ONG REVERSAL PATTERN EMERGES AFTER LIQUIDITY EXHAUSTION NEAR 0.1605! 📉
Entry: 0.0785 - 0.0805 ⚡
Target: 0.0635 / 0.0585 / 0.0500 🎯
Stop Loss: 0.0900 ⚠️
📌 After an aggressive expansion from 0.04016 to 0.16050, $ONG has suffered clear structural breakdown, trading below both EMA7 and EMA25 while the Supertrend hangs far above. Institutional distribution is evident, but chasing current weakness into local support at 0.06400 presents unfavorable risk parameters.
🔍 The strategic play requires patience for a structural retest into the 0.0785-0.0805 supply zone. 📊 Looking for a 4H rejection close below 0.0765 to confirm seller dominance before targeting lower liquidity pools down to 0.0500.
🤔 Are you waiting for the supply zone retest to short, or taking early execution at current levels? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ONG #ShortSetup #Bearish #CryptoTrading #TechnicalAnalysis
🐻 📉
Entry: 0.0785 - 0.0805 ⚡
Target: 0.0635 / 0.0585 / 0.0500 🎯
Stop Loss: 0.0900 ⚠️
📌 After an aggressive expansion from 0.04016 to 0.16050, $ONG has suffered clear structural breakdown, trading below both EMA7 and EMA25 while the Supertrend hangs far above. Institutional distribution is evident, but chasing current weakness into local support at 0.06400 presents unfavorable risk parameters.
🔍 The strategic play requires patience for a structural retest into the 0.0785-0.0805 supply zone. 📊 Looking for a 4H rejection close below 0.0765 to confirm seller dominance before targeting lower liquidity pools down to 0.0500.
🤔 Are you waiting for the supply zone retest to short, or taking early execution at current levels? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ONG #ShortSetup #Bearish #CryptoTrading #TechnicalAnalysis
🐻 📉