đź’Ž ONG has recently demonstrated notable market dynamics, breaking out of the descending channel pattern, which signifies a bullish momentum shift towards upward movement. This suggests the potential for the price to continue climbing higher towards our target area.
đź’Ž However, if ONG fails to sustain its upward trajectory, there's a likelihood of a retracement back to the support level or even the Bullish Order Block (OB) area around $0.287.
đź’Ž This retest could serve as another opportunity for the price to reverse its momentum and resume its upward trajectory.
đź’Ž ONG must bounce and maintain its position above the Bullish OB area. A breakdown below this level would indicate a continuation of the downward movement, potentially leading to further declines in price.
đź’Ž However, if ONG fails to sustain its upward trajectory, there's a likelihood of a retracement back to the support level or even the Bullish Order Block (OB) area around $0.287.
đź’Ž This retest could serve as another opportunity for the price to reverse its momentum and resume its upward trajectory.
đź’Ž ONG must bounce and maintain its position above the Bullish OB area. A breakdown below this level would indicate a continuation of the downward movement, potentially leading to further declines in price.
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.