$ONG/USDT SHORT SETUP: Strong Bearish Bias Ahead! đ
Technicals are strongly aligned with sellers driving the move (7/12 confirming signals). Both 4h and 1h charts are stacked bearish below key moving averages.
- Bias: Strong SHORT
- Entry Zone: 0.0836973 â 0.0839227
- TP1: 0.0816991 (-2.5%)
- TP2: 0.0802919 (-4.2%)
- TP3: 0.0781810 (-6.7%)
- SL: 0.0866245 (+3.4%)
Execution Plan: Enter strictly within the entry zone. Close 50% at TP1 and move SL to entry.
Quick Analysis:
- 4h & 1h trends remain firmly down (below EMA50 & EMA200).
- Strong downside momentum backed by a 15m ADX of 28.5 and 1h RSI at 30.3.
- Risk Note: Price is -3.4 ATR below 1h EMA50âwatch out for potential temporary bounces before continuation.
$ONG
Technicals are strongly aligned with sellers driving the move (7/12 confirming signals). Both 4h and 1h charts are stacked bearish below key moving averages.
- Bias: Strong SHORT
- Entry Zone: 0.0836973 â 0.0839227
- TP1: 0.0816991 (-2.5%)
- TP2: 0.0802919 (-4.2%)
- TP3: 0.0781810 (-6.7%)
- SL: 0.0866245 (+3.4%)
Execution Plan: Enter strictly within the entry zone. Close 50% at TP1 and move SL to entry.
Quick Analysis:
- 4h & 1h trends remain firmly down (below EMA50 & EMA200).
- Strong downside momentum backed by a 15m ADX of 28.5 and 1h RSI at 30.3.
- Risk Note: Price is -3.4 ATR below 1h EMA50âwatch out for potential temporary bounces before continuation.
$ONG