ONG bears are taking control — the next breakdown could put the lower targets in play!
ONG/USDT - SHORT 🔴
Trade Plan:
Entry: 0.0672894 – 0.0674706
SL: 0.0690334
TP1: 0.0661399
TP2: 0.0653132
TP3: 0.0640732
Why this setup?
ONG is showing bearish momentum across multiple timeframes, with sellers dominating the short-term structure.
* 4H trend: Bearish, below EMA50 & EMA200
* 1H trend: Bearish, below EMA50 & EMA200
* 15M ADX: 33.5, indicating a strong directional move
* Signal alignment: 7/12 bearish, 1 opposing
Risk Alert:
1H RSI at 22.5 indicates oversold conditions. A sharp relief bounce is possible, so avoid chasing price below the entry zone.
Trade Management:
Enter only within the planned zone. Close 50% at TP1, 25% at TP2, and the remaining 25% at TP3. After TP1, move the stop-loss to entry as planned.
Invalidation:
A move above 0.0690334 invalidates the short thesis.
Debate:
Will ONG hit 0.0661399 first, or will buyers trigger a reversal toward the stop?
Trade ONG here.
NFA. Manage risk and DYOR.
ONG/USDT - SHORT 🔴
Trade Plan:
Entry: 0.0672894 – 0.0674706
SL: 0.0690334
TP1: 0.0661399
TP2: 0.0653132
TP3: 0.0640732
Why this setup?
ONG is showing bearish momentum across multiple timeframes, with sellers dominating the short-term structure.
* 4H trend: Bearish, below EMA50 & EMA200
* 1H trend: Bearish, below EMA50 & EMA200
* 15M ADX: 33.5, indicating a strong directional move
* Signal alignment: 7/12 bearish, 1 opposing
Risk Alert:
1H RSI at 22.5 indicates oversold conditions. A sharp relief bounce is possible, so avoid chasing price below the entry zone.
Trade Management:
Enter only within the planned zone. Close 50% at TP1, 25% at TP2, and the remaining 25% at TP3. After TP1, move the stop-loss to entry as planned.
Invalidation:
A move above 0.0690334 invalidates the short thesis.
Debate:
Will ONG hit 0.0661399 first, or will buyers trigger a reversal toward the stop?
Trade ONG here.
NFA. Manage risk and DYOR.
