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:

- The 4-hour chart reveals a descending channel pattern for ONG.

- A breakout from this channel could potentially trigger a bullish surge of around 50%.

Support and Resistance:

- ONG has established a solid support range.

- Consider accumulating at the current level with a short-term target of at least 20%+.

Trading Opportunity:

- ONG is showing strong volume on the 12-hour timeframe.

- Anticipate a significant bullish wave in the upcoming days.

🎯 Trade Strategy:

- **Entry Level:** Buy if the price reaches the green support range.

- **Stop Loss:** Place a stop loss below the support level.

- **Take Profit:** Set profit targets based on your risk tolerance.

Always conduct your own research and manage risk prudently. Happy trading! 🚀💰