Ontology Gas (ONG) Technical Analysis
🔍 Overview:
Pair: ONG/USDT
Exchange: Binance
Current Price: $0.2926 USDT (up 2.20% in the last 24 hours)
📊 Chart Insights:
Descending Channel Pattern:
On the 4-hour chart, ONG has formed a descending channel pattern.
If there’s a breakout from this channel, we could see a bullish price wave of approximately 50%.
Support and Resistance:
ONG has a good support range.
Consider accumulating from the current level with a short-term target of at least 20%+.
Trading Opportunity:
ONG is getting good volume in the 12-hour timeframe.
Expecting a massive bullish wave in the coming days1.
🎯 Trade Strategy:
Entry Level: Consider buying if the price reaches the green support range.
Stop Loss: Set a stop loss below the support level.
Take Profit: Target profits based on your risk tolerance.
Remember to do your own research and manage risk wisely. Happy trading! 🚀💰
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