ONG is not just range-bound, the short trend is active

🔮 SHORT $ONG /USDT: expecting price to go DOWN
Bias: SHORT · Strong

Entry: 0.0777079 – 0.0780921
TP1: 0.0743458 (-4.6%)
TP2: 0.0719764 (-7.6%)
TP3: 0.0684222 (-12.2%)
SL: 0.0826389 (+6.1%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.

Why SHORT? 7/12 signals agree, 1 against.
‱ 4h trend down (below EMA50 & EMA200)
‱ 1h trend down (below EMA50 & EMA200)
‱ Sellers are driving the move (15m ADX 48.9)
Risk: Far below its average, bounce likely (−4.3 ATR from 1h EMA50)

If it plays out:
If the setup works, price continues down through entry and targets the 1h bearish stack with the 1h RSI confirming sellers are in control.

If it fails:
If price bounces back above the stop, the overextension from the 1h EMA50 would be invalidated and I would exit the short.

Where are you shorting ONG or are you waiting?

Chart with every level below.

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Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.