๐$ONG /USDT Price Action Update โ Bullish Reversal Gaining Strength! ๐๐
๐ Current Price: $0.1757
๐ 24H Change: +2.99%
๐ Volume Surge: 7.95M ONG
๐ Chart Timeframes Analyzed: 1H & 4H
๐ 1H Technical Breakdown:๐
โ Strong Uptrend Movement: ONG bounced from the $0.1692 zone and tapped resistance at $0.1793.
โ Support Zone Holding: Price is currently supported by 20 EMA ($0.1745) and 50 MA ($0.1731), both showing upward slope.
๐ Small Pullback Ongoing: After a quick rally, the price is consolidating just below $0.176, indicating possible continuation.
๐ MACD: Still bullish โ histogram remains green and above the signal line.
๐ RSI: 59.21 โ healthy zone, close to bullish breakout region.
๐ 4H Chart Signals:๐
๐ข Trend Reversal Confirmed: $ONG is steadily climbing after forming a bottom near $0.169
๐ EMA Cross Resistance at $0.1797: Bulls are trying to close above this level for stronger breakout
๐ข Momentum Rebuilding: Higher lows and bullish candles indicate buying interest returning
๐ MACD (4H): Histogram rising with green momentum
๐ RSI (4H): 49.23 โ Neutral zone with upside potential
๐ฏ Trading Strategy (Short-Term Bullish Setup):๐ฅ
๐น Entry Zone: $0.1745 โ $0.1755
๐น Target 1: $0.179
๐น Target 2: $0.182
๐น Target 3: $0.188 (only if volume surges)
๐ป Stop-Loss: Below $0.1717 (under key moving averages)
๐ฌ Trader's Insight:
$ONG has reclaimed key support zones and is now showing early breakout behavior. A sustained move above $0.1797 could flip this into a full bullish trend on the 4H chart. Smart entry lies near support zones, with tight SL and flexible profit targets.
๐ง โIn sideways markets, structure is strength. In trend markets, momentum is king.โ
๐ This post is for educational purposes only, not financial advice. Always trade responsibly.
