$ONG LONG LIQUIDATION ALERT 🚨
Overview:
ONG faced a long liquidation of $13.65K at the price level of $1.37362. This indicates selling pressure in the market, but it could also present an opportunity if $ONG finds support and rebounds from key levels. Traders should watch closely for signs of recovery or further downside movement.
Key Levels to Watch:
Buy Zone: $1.3000 - $1.3500
Target Zone: $1.4500, $1.5000, $1.6000
Stop Loss: $1.2500
Next Steps:
1. Entry Point: Look for $ONG to stabilize in the $1.3000 - $1.3500 range. This zone may act as a strong support area for a potential bounce.
2. Target Levels:
First Target: $1.4500
Second Target: $1.5000
Third Target: $1.6000
Gradually take profits as ONG approaches these levels.
3. Stop Loss: To limit risk, place your stop loss at $1.2500. This protects your position in case the selling pressure continues.
Why It’s Worth Watching:
Long liquidations often lead to sharp price drops, but they can also create opportunities for recovery as traders re-enter the market.
If ONG holds above the $1.3000 support zone, it could regain momentum and push toward higher levels.
Reminder:
Watch for confirmation of support before entering. Avoid catching a falling knife!
Always use proper risk management and trade within your comfort zone.
Stay sharp and seize the opportunity if ONG rebounds! 🚀
#BTCMiningPeak #btc2025 #JanuaryTokenUnlocks #ATASurgeAnalysis #CryptoETFMania