📉 $ONG BREAKS STRUCTURE AS SELLERS TIGHTEN THEIR GRIP ON THE ORDER BOOK 🚨
Entry: 0.0822565 - 0.0824835 ⚡
Target: 0.0804603 🎯
Stop Loss: 0.0849162 🛑
📌 The bleed continues as $ONG trades submerged below both the 50 and 200 EMAs across the 1H and 4H timeframes. 📊 Order flow shows persistent distribution, with the 4H RSI pinned down near 40.4 as sellers dictate every auction.
💡 Supply is absorbing every intraday bounce, leaving downside liquidity completely exposed below local support. 💬 Are you pressing the short into this breakdown or waiting for a relief squeeze into the moving averages? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ONG #ShortSetup #Bearish #PriceAction #Crypto
🎯 🐻
Entry: 0.0822565 - 0.0824835 ⚡
Target: 0.0804603 🎯
Stop Loss: 0.0849162 🛑
📌 The bleed continues as $ONG trades submerged below both the 50 and 200 EMAs across the 1H and 4H timeframes. 📊 Order flow shows persistent distribution, with the 4H RSI pinned down near 40.4 as sellers dictate every auction.
💡 Supply is absorbing every intraday bounce, leaving downside liquidity completely exposed below local support. 💬 Are you pressing the short into this breakdown or waiting for a relief squeeze into the moving averages? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ONG #ShortSetup #Bearish #PriceAction #Crypto
🎯 🐻