$ONG SHORT SETUP — Bears Are Pushing, But One Support Zone Could Change Everything!

$ONG is showing weakness across the 1H and 4H charts, with price trading below EMA50 and EMA200 on both timeframes. Sellers have the short-term advantage, but the daily range structure means this move still needs confirmation.

ONG/USDT — SHORT WATCHLIST

Entry Zone: $0.0743247 – $0.0744353

TP1: $0.0733366
TP2: $0.0726411
TP3: $0.0715977

Stop Loss: $0.0757711

What makes this setup interesting?

The bearish trend alignment supports a potential continuation lower, but the RSI reading suggests price may be stretched near support. If sellers break the range floor, downside momentum could accelerate. If buyers defend that level, a rebound could trap late shorts.

Trade Management
Take 50% profit at TP1.
Take 25% at TP2.
Close the remaining 25% at TP3.
After TP1, consider moving the stop to entry as planned.

Conviction remains moderate. Keep position size controlled, and remember that these levels are a trade plan, not a guaranteed outcome.

Your opinion matters: Would you place the stop above $0.07577, or wait for a confirmed support breakdown before entering?#FedDecisionCountdown