$ONG Recovery Wave in Progress....
$ONG is showing early signs of a bullish reversal after bouncing off the $0.1686 support level. The price has climbed to $0.1739, recovering +2.17% on the day, and is now approaching the local resistance at $0.1747.
With the market structure shifting from lower lows to a higher low pattern and volume gradually building, the setup favors short-term upside continuation if the $0.1750 level breaks with strength.
š Trade Setup (Scalp Idea):
ā¢ Entry Zone: 0.1735 ā 0.1740
ā¢ Take Profit 1: 0.1758
ā¢ Take Profit 2: 0.1772
ā¢ Take Profit 3: 0.1790
ā¢ Stop Loss: 0.1712
A confirmed breakout above $0.1747 could unlock momentum toward the recent high of $0.1770+. Monitor RSI and MACD for confirmation.
