ONG up +13.5% today but the trend is still classified as downtrend. That sounds contradictory â and that is exactly where the opportunity hides đĄ
Ontology Gas is at $0.104 with $17.3M volume. The 4H RSI at 47.5 is perfectly neutral â not overbought, not oversold. Price is hovering near the 4H SMA7 ($0.108) and below SMA25 ($0.109), which means it needs to hold above these levels to confirm the bounce.
Daily RSI at 53 and positive MACD suggest the longer timeframe is turning bullish. This could be a trend change in progress.
đŻ Trade Plan (Long):
âą Entry: $0.099 - $0.109
âą Stop Loss: $0.084 (below recent swing low)
âą TP1: $0.112 | TP2: $0.112 | TP3: $0.116
The SL is generous to account for volatility. The tight TP cluster means take profits quickly â this is not a runner.
Confidence: 77% â decent conviction on the bounce play.
Do you think ONG can sustain this move or is it a dead cat bounce? đ
#ONG #Ontology #DYOR
â ïž Disclaimer: This is not financial advice. Always do your own research before trading.
Ontology Gas is at $0.104 with $17.3M volume. The 4H RSI at 47.5 is perfectly neutral â not overbought, not oversold. Price is hovering near the 4H SMA7 ($0.108) and below SMA25 ($0.109), which means it needs to hold above these levels to confirm the bounce.
Daily RSI at 53 and positive MACD suggest the longer timeframe is turning bullish. This could be a trend change in progress.
đŻ Trade Plan (Long):
âą Entry: $0.099 - $0.109
âą Stop Loss: $0.084 (below recent swing low)
âą TP1: $0.112 | TP2: $0.112 | TP3: $0.116
The SL is generous to account for volatility. The tight TP cluster means take profits quickly â this is not a runner.
Confidence: 77% â decent conviction on the bounce play.
Do you think ONG can sustain this move or is it a dead cat bounce? đ
#ONG #Ontology #DYOR
â ïž Disclaimer: This is not financial advice. Always do your own research before trading.