Keeping an eye on $ONG today👀
Despite the recent market-wide chop, this one is holding up nicely on the daily timeframe.
The recent daily candle is showing a strong bounce off the ~0.0850 support zone, and the volume on this pullback is notably lower than the volume on the initial pump. This usually signals that sellers are exhausted and buyers are stepping back in for the next leg up.
The Setup:
📍 Entry Zone: 0.0875 - 0.0885 (Current Market Price)
🎯 Target 1 (TP1): 0.0950
🎯 Target 2 (TP2): 0.0980+
🛑 Stop Loss (SL): 0.0820
$ONG
Despite the recent market-wide chop, this one is holding up nicely on the daily timeframe.
The recent daily candle is showing a strong bounce off the ~0.0850 support zone, and the volume on this pullback is notably lower than the volume on the initial pump. This usually signals that sellers are exhausted and buyers are stepping back in for the next leg up.
The Setup:
📍 Entry Zone: 0.0875 - 0.0885 (Current Market Price)
🎯 Target 1 (TP1): 0.0950
🎯 Target 2 (TP2): 0.0980+
🛑 Stop Loss (SL): 0.0820
$ONG