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🚀 ONG/USD: Ready for a Potential Breakout?

Currently trading at $0.3377, ONG/USD is approaching key technical levels that could signal the next big move. Let’s break down the price action and spot potential opportunities!

Key Levels to Watch: 🔹 Support: $0.3200 – A critical support zone where buyers have previously stepped in to defend the price. A bounce from here could set the stage for an upward move. 🔹 Resistance: $0.3550 – This level has acted as resistance recently. A breakout above this could trigger bullish momentum, pushing the price higher.

Entry Strategy: 🔹 For Bulls: Look for confirmation of a breakout above $0.3550 with strong volume. A successful move past this resistance could target $0.3700, and possibly $0.3800. 🔹 For Bears: If the price fails to break above resistance and drops below $0.3200, there could be opportunities to short. Key downside targets would be $0.3100 and $0.3000.

Market Insights: The market is currently in a neutral range, and the RSI is holding steady. A decisive move through either support or resistance will likely spark a trend. Pay attention to volume to identify momentum shifts.

Pro Tip: Patience is key—watch for a breakout or breakdown at critical levels for the most favorable entry points. Keep an eye on volume and market sentiment to maximize your strategy.

💡 ONG/USD is showing promise—make sure to plan your moves carefully and manage risks effectively!

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