๐ด $ONG STRUCTURE REMAINS FIRMLY BEARISH AS LOWER LOWS PRINT ACROSS THE 4H TIMEFRAME ๐
Entry: 0.0641733 โก
Target: 0.0621570 ๐ฏ
Stop Loss: 0.0652515 ๐
Institutional order flow on $ONG continues to respect the primary bearish distribution structure below both key moving average benchmarks ๐. Sellers maintain absolute dominance on the swing timeframe, systematically rejecting every counter-trend bounce attempt.
While the lower timeframe RSI prints in oversold territory near 24.7, seasoned participants recognize that momentum indicators can remain compressed during strong trend continuations โก. Risk management must remain disciplined with reduced sizing given the local exhaustion risk.
๐ฌ Where do you expect structural support to finally materialize before any meaningful relief rally? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ONG #ShortSetup #MarketStructure #Crypto
๐ ๐ฆ
Entry: 0.0641733 โก
Target: 0.0621570 ๐ฏ
Stop Loss: 0.0652515 ๐
Institutional order flow on $ONG continues to respect the primary bearish distribution structure below both key moving average benchmarks ๐. Sellers maintain absolute dominance on the swing timeframe, systematically rejecting every counter-trend bounce attempt.
While the lower timeframe RSI prints in oversold territory near 24.7, seasoned participants recognize that momentum indicators can remain compressed during strong trend continuations โก. Risk management must remain disciplined with reduced sizing given the local exhaustion risk.
๐ฌ Where do you expect structural support to finally materialize before any meaningful relief rally? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ONG #ShortSetup #MarketStructure #Crypto
๐ ๐ฆ
