ONG/USDT SHORT
Entry Zone: 0.116 – 0.122
Stop Loss: 0.132
TP1: 0.105
TP2: 0.098
TP3: 0.0865
ONG is the weakest-looking chart of the three. After exploding to 0.22887, price completely reversed and has fallen below the MA(7), MA(25), and MA(99).
Current price is around 0.11144, with the MA(7) at 0.11813 and MA(99) at 0.13548. That creates a resistance cluster above current price.
Rather than shorting directly after the huge decline, wait for a relief bounce into 0.116–0.122 and look for rejection. If the bounce fails, the previous low around 0.0865 becomes a major downside target. ONG has also had recent exchange/network-maintenance activity, so volatility and liquidity conditions should be monitored.
$ONG
Entry Zone: 0.116 – 0.122
Stop Loss: 0.132
TP1: 0.105
TP2: 0.098
TP3: 0.0865
ONG is the weakest-looking chart of the three. After exploding to 0.22887, price completely reversed and has fallen below the MA(7), MA(25), and MA(99).
Current price is around 0.11144, with the MA(7) at 0.11813 and MA(99) at 0.13548. That creates a resistance cluster above current price.
Rather than shorting directly after the huge decline, wait for a relief bounce into 0.116–0.122 and look for rejection. If the bounce fails, the previous low around 0.0865 becomes a major downside target. ONG has also had recent exchange/network-maintenance activity, so volatility and liquidity conditions should be monitored.
$ONG
