BEARS ARE FIRMLY IN CONTROL OF $ONG AS MOVING AVERAGES STACK DOWNWARD đ» đ
Entry: 0.0567666 â 0.0570734 âĄ
Target: 0.0545280 đ
Stop Loss: 0.0601093 â ïž
Sellers are leaning hard on $ONG as the four-hour chart locks in a classic bearish stack below the major moving averages. Momentum favors the downside while price action struggles to reclaim lost ground, setting up a textbook continuation play for patient bears. đ
Even though the asset sits slightly stretched relative to its average range, every minor relief bounce is getting absorbed by heavy overhead supply. Managing risk tightly above the invalidation level keeps the math clean as price probes lower support tiers. âĄ
Where do you see the breakdown stalling if selling pressure accelerates through the current range? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #ONG #ShortSetup #Bearish #Crypto
đŽ đ
Entry: 0.0567666 â 0.0570734 âĄ
Target: 0.0545280 đ
Stop Loss: 0.0601093 â ïž
Sellers are leaning hard on $ONG as the four-hour chart locks in a classic bearish stack below the major moving averages. Momentum favors the downside while price action struggles to reclaim lost ground, setting up a textbook continuation play for patient bears. đ
Even though the asset sits slightly stretched relative to its average range, every minor relief bounce is getting absorbed by heavy overhead supply. Managing risk tightly above the invalidation level keeps the math clean as price probes lower support tiers. âĄ
Where do you see the breakdown stalling if selling pressure accelerates through the current range? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #ONG #ShortSetup #Bearish #Crypto
đŽ đ
