$ONG / USDT โ Minor Dip After Testing Highs โ Holding Ground? ๐ค
$ONG / USDT is currently trading at $0.2067, down slightly by -1.48% today. Looking at the 4-hour chart, we can see a recent push towards the $0.2145 high, followed by a mild pullback to the current level, which is above the 24-hour low of $0.2044.
๐ง Potential Trading Scenarios:
* Support Level: The $0.205 - $0.206 zone appears to be acting as immediate support. Watch if this level holds.
* Retracement Depth: The current pullback seems relatively contained, suggesting potential continued bullish interest.
* Resistance Overhead: The recent high of $0.2145 will likely act as the next significant resistance level.
๐ Potential Long Entry (If Support Holds): Consider entering around the $0.206 level with a stop loss placed just below $0.204. Initial targets could be the previous swing highs around $0.210 and then $0.2145. A break above $0.2145 could target higher levels.
๐ Potential Short Entry (If Resistance Holds): If the price rejects the $0.2145 level again with strong bearish momentum, a short entry targeting the $0.206 support could be considered. A break below $0.204 might lead to further downside.
โ ๏ธ Outlook:
ONG/USDT has seen a recent bullish move and is now experiencing a minor pullback to a potential support area. The price action around this level will be important in determining the short-term direction. Monitor volume and candlestick patterns for confirmation. Always practice sound risk management.
ONGUSDT ยท Binance
0.2067 -0.0001 (-0.05%) (based on the last 4 hours)
