$ONG is trading at $0.3492, with a 7.84% gain in the last 24 hours. The price is testing resistance near its 24-hour high of $0.3522, suggesting potential for either a breakout or a pullback depending on market sentiment.
Trade Setup:
Long Setup:
Entry: Above $0.3530 (Breakout confirmation)
Stop Loss (SL): $0.3450
Take Profit 1 (TP1): $0.3600
Take Profit 2 (TP2): $0.3700
Short Setup:
Entry: Below $0.3450 (Breakdown confirmation)
Stop Loss (SL): $0.3530
Take Profit 1 (TP1): $0.3350
Take Profit 2 (TP2): $0.3250
Technical Outlook:
$ONG is showing bullish momentum, but resistance at $0.3530 may challenge further upward movement. A breakout above this level could lead to a rally toward $0.3700. However, a rejection could result in a retracement toward $0.3250 or lower.
Monitor volume for confirmation and apply disciplined stop-loss levels to manage risks effectively.
