$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! 🚀

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