ONG just dumped 15.5% in a single session. Is this a buying opportunity or a falling knife? 🔪
At $0.1281 with $33.2M volume. The daily chart still shows a strong uptrend — SMA7 ($0.116), SMA25 ($0.070), and SMA99 ($0.055) are all stacked bullish. Daily RSI at 57.8 is neutral. 4H RSI at 53.2 reset from highs.
The daily dump looks scary but might be a healthy flush in a larger uptrend.
📋 Trade Plan:
Entry: $0.110 - $0.146
Stop Loss: $0.081 (below SMA25)
TP1: $0.133
TP2: $0.138
TP3: $0.144
Volume ratio at 1.26x is increasing — sellers are active. Wait for volume to dry up before stepping in.
The risk-reward is tight at 0.1:1 for scalps but the macro structure favors longs.
⚡ Would you catch this knife or wait for confirmation?
#ONG #Crypto #DYOR
⚠️ Disclaimer: Not financial advice. Crypto is highly volatile. Always do your own research and manage risk carefully.
At $0.1281 with $33.2M volume. The daily chart still shows a strong uptrend — SMA7 ($0.116), SMA25 ($0.070), and SMA99 ($0.055) are all stacked bullish. Daily RSI at 57.8 is neutral. 4H RSI at 53.2 reset from highs.
The daily dump looks scary but might be a healthy flush in a larger uptrend.
📋 Trade Plan:
Entry: $0.110 - $0.146
Stop Loss: $0.081 (below SMA25)
TP1: $0.133
TP2: $0.138
TP3: $0.144
Volume ratio at 1.26x is increasing — sellers are active. Wait for volume to dry up before stepping in.
The risk-reward is tight at 0.1:1 for scalps but the macro structure favors longs.
⚡ Would you catch this knife or wait for confirmation?
#ONG #Crypto #DYOR
⚠️ Disclaimer: Not financial advice. Crypto is highly volatile. Always do your own research and manage risk carefully.