🟢$ONG /USDT: Bullish Momentum Building!#ONGUSDT🚨
$ONG Current Status:
Price: Trading around $0.1774, showing a +4.85% increase over the last 24 hours.
Momentum: Strong upward momentum observed, with the price bouncing from the 24-hour low of $0.1657 and approaching the 24-hour high of $0.1790.
Chart Signal: The chart suggests accumulation is occurring, potentially preceding the next significant breakout.
Key Levels to Watch:
Support Zone: $0.1740 – $0.1750. Holding this zone is crucial for maintaining bullish sentiment.
Immediate Resistance: $0.1790. A close above this level would be a positive sign.
Major Breakout Zone: $0.1820. A decisive move above this area could confirm a continuation of the upward trend.
Trade Setup & Targets:
Bullish Confirmation: If bulls successfully defend and hold the $0.175 support level, ONG is well-positioned for a renewed upward push.
Breakout Scenario: A clean and confirmed breakout above the $0.179–$0.182 resistance zone would likely signal the start of a significant upward trend.
Profit Targets (TP):
TP1: $0.182
TP2: $0.188
Stop Loss: A prudent stop loss would be placed below $0.172 to manage risk.
Analyst Insight:
The volume confirmation on any breakout is a critical factor. Higher trading volumes accompanying a price surge would strongly validate the bullish move.
