ONG is printing red below the key 0.125 level.
That's where both the 20 and 50-day EMAs sit, and price just sliced straight through them. Now it's testing the bottom of the 24h range with an RSI of 42 — not oversold, just weak.
The desk sees this as a failed retest. The momentum is gone.
Is this a dip worth buying, or is the next stop the 7-day low around 0.067?
$ONG
That's where both the 20 and 50-day EMAs sit, and price just sliced straight through them. Now it's testing the bottom of the 24h range with an RSI of 42 — not oversold, just weak.
The desk sees this as a failed retest. The momentum is gone.
Is this a dip worth buying, or is the next stop the 7-day low around 0.067?
$ONG
