📉 $ONG FACES CONTINUED DISTRIBUTION AS INTRADAY MARKET STRUCTURE BREAKS LOWER 🐻
Entry: 0.0822565 – 0.0824835 ⚡
Target: 0.0804603 🎯
Stop Loss: 0.0849162 ⚠️
📌 Price action on $ONG continues to print lower highs and lower lows across both 1H and 4H frames, remaining pinned below the 50 and 200 EMAs. 📊 Bearish momentum is firmly intact with 4H RSI hovering at 40.4, reflecting methodical institutional distribution rather than retail capitulation.
🔍 The sell zone between 0.0822565 and 0.0824835 presents a clear supply retest to target liquidity resting down at 0.0804603, while structure remains invalid above 0.0849162. 🤔 Are you leaning short into this supply test, or waiting for a reclaim of the moving averages? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ONG #ShortSetup #Trading #Crypto #MarketStructure
🎯 🦈
Entry: 0.0822565 – 0.0824835 ⚡
Target: 0.0804603 🎯
Stop Loss: 0.0849162 ⚠️
📌 Price action on $ONG continues to print lower highs and lower lows across both 1H and 4H frames, remaining pinned below the 50 and 200 EMAs. 📊 Bearish momentum is firmly intact with 4H RSI hovering at 40.4, reflecting methodical institutional distribution rather than retail capitulation.
🔍 The sell zone between 0.0822565 and 0.0824835 presents a clear supply retest to target liquidity resting down at 0.0804603, while structure remains invalid above 0.0849162. 🤔 Are you leaning short into this supply test, or waiting for a reclaim of the moving averages? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ONG #ShortSetup #Trading #Crypto #MarketStructure
🎯 🦈