Ontology Gas ($ONG ) Technical Analysis
đ Overview:
- **Pair:** ONG/USDT
- **Exchange:** Binance
- **Current Price:** $0.2926 USDT (up 2.20% in the last 24 hours)
đ 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.
đŻ 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! đđ°
