1. Summary

$ONG just broke strongly from the area ~$0.16 up to the peak ~$0.232 and is currently around $0.225; 1H RSI is very high (~92) indicating short-term overbought — more volume is needed to sustain.

• current price ~$0.225.

• Main catalyst: strong volume spike and on-chain momentum / news market hype.

2. Analysis

The price rebounds with MA7 > MA25 > MA99 on 1H and volume spikes — technical structure shows a strong breakout but RSI overbought warns of a pullback or sharp decline if momentum wanes. Basically, the momentum seems driven-by-news/flows (short-covering + retail chase); sentiment is currently high FOMO but can easily turn into distribution when whales/CEX inflows occur.

3. Strategy

Entry:

  • Scenario A (Confirmed Breakout): probe when 4H close > $0.232–$0.235 with clear 4H volume (confirming strength).

  • Scenario B (Pullback / Scale-in): buy on a dip $0.185–$0.205 if there is a wick rejection + 1H reversal candle (split orders).

Stop-loss: $0.162 (below the previous low area to avoid false stops but limit risk).

Take-profit: TP1 = $0.235–$0.245 (take part near the peak); TP2 = $0.265–$0.30 (expanded target if momentum & volume continue). If volume is weak, lower TP2 to ~$0.245–$0.255 to be more realistic.

Exit triggers (early exit): large amounts of tokens moving into CEX (whale to CEX), volume collapse after spike, or negative news about the network → exit immediately. Use limit/probe orders to reduce slippage.