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$ONG /USDT — BEARS ARE STILL IN CONTROL! 📉
ONG continues to trade below EMA50, while both the 1H and 4H trends remain bearish.
📊 SHORT SETUP
- Bias: SHORT · Moderate conviction
- Entry Zone: $0.0750163 – $0.0752037
- 🎯 TP1: $0.0735648 (-2.1%)
- 🎯 TP2: $0.0725347 (-3.4%)
- 🎯 TP3: $0.0709894 (-5.5%)
- 🛑 Stop Loss: $0.0771703 (+2.7%)
📉 Why the bearish outlook?
- Price remains below EMA50 and EMA200 on both 1H and 4H.
- 4H RSI sits at 41.6, suggesting sellers still have momentum.
- Only 3 of 12 checklist factors support the setup, so confirmation remains limited.
⚠️ Risk Management: Wait for price to enter the stated zone before considering the setup. The original plan takes 50% profit at TP1, 25% at TP2, and 25% at TP3, with the stop moved to entry after TP1.
Key Level to Watch: A move to $0.0771703 invalidates this trade idea.
Do you see a stronger short-entry level for
$ONG ? 👀
This is a technical setup, not a guaranteed outcome. Verify current chart levels before trading.
#ONG #USDT #cryptotrading #ShortSetup #BinanceSquare