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$ONG | 1h | Breakdown Short
Bias: Short
Entry Zone: 0.0526 to 0.0534
Stop Loss: 0.0559
Targets:
TP1: 0.0500
TP2: 0.0485
TP3: 0.0465
Invalidation:
Close above 0.0559
Why This Setup:
I’m shorting into the failed spike and rejection from the 0.0550-0.0560 area. Price pushed hard into resistance, lost momentum, and is now pulling back from the breakout extension with room to revisit lower support.