🚨 $ONG /USDT BEARISH PRESSURE BUILDING — BREAKDOWN MOVE INCOMING 🚨
$ONG /USDT is showing clear weakness after failing to hold above the MA(99) resistance near 0.0669–0.0670. Price rejection from the intraday high combined with declining momentum signals a potential bearish continuation toward lower support zones. Sellers are slowly taking control while volume remains unstable, increasing the risk of a sharp downside sweep if 0.0663 breaks decisively.
📉 Trade Setup: • Entry Zone: 0.0670 – 0.0674
• Take Profit 1: 0.0660
• Take Profit 2: 0.0653
• Take Profit 3: 0.0645
• Stop Loss: 0.0682
📊 Market Outlook: Short-term momentum remains bearish as price trades around key moving averages with weak buying pressure. MA(99) is acting as resistance while lower highs continue to form on the lower timeframe. A confirmed breakdown below 0.0663 could accelerate selling toward the 0.0650 region quickly. Bulls need a strong reclaim above 0.0675 to invalidate the bearish structure.
#ONG #Crypto #Trading #Bearish #USDT#Write2Earn