$ONG | ONG just went vertical from the 0.04 base all the way up to 0.16 in a single impulsive leg, printing one of the cleanest parabolic spikes on the chart. Moves this extended rarely hold without a deep retracement once the initial FOMO exhausts. Price is currently sitting around 0.089 after the sharp rejection from the highs. The better short setup is to wait for a relief bounce/retest of the upper supply zone rather than shorting into the middle of the pullback.

LIMIT ORDER SHORT

Entry: 0.1050–0.1180

Take Profit Targets:
TP1: 0.0780
TP2: 0.0680
TP3: 0.0580
TP4: 0.0480

Stop Loss: 0.1420

Wait for the limit order to fill. Don’t chase the move. Secure partial profits at each TP and manage SL progressively.

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