$ONG/USDT Analysis & Trading Setup
Current Market Overview:
$ONG is trading at $0.3441, reflecting a 3.80% increase in the past 24 hours, signaling bullish momentum. The price is approaching key resistance levels, offering potential opportunities for short-term trades.
📉 Entry Zones:
Aggressive Entry: $0.3441 (current market price)
Conservative Entry: $0.3109 (support at the 24-hour low)
📌 Take Profit Targets (TP):
1. TP1: $0.3500 (initial resistance)
2. TP2: $0.3600 (secondary resistance)
3. TP3: $0.3700 (higher resistance zone)
🔒 Stop Loss (SL):
Tight SL: $0.3300 (below recent low for risk control)
📊 Key Indicators to Monitor:
Volume: Increasing volume supports momentum toward resistance, indicating a possible continuation.
RSI: Monitor RSI for overbought levels to anticipate potential pullbacks.
Support/Resistance Levels: Support at $0.3109 and resistance at $0.3500 are crucial zones.
⚖️ Risk/Reward Assessment:
With positive momentum and a clear test of resistance ahead, this setup offers a favorable risk-to-reward ratio for traders, especially if supported by key indicators.