Confused about $ONG ๐Ÿง Should You Long or Short Right Now?



โš ๏ธ Honest answer: Neitherโ€ฆ wait for confirmation

Right nowโ€ฆ jumping in blindly is risky.
Market already made a moveโ€ฆ now itโ€™s deciding whatโ€™s next.

Hereโ€™s the real breakdown ๐Ÿ‘‡

๐Ÿ”ด Why NOT Short Here

Trend on lower timeframes is still holding bullish structure
Shorting here = chasing after a drop that already happened

Price already pulled back ~10โ€“13% from the top
This is where short squeezes usually happen

One pushโ€ฆ and it can easily revisit $0.100+

๐ŸŸข Why NOT Long Here (yet)

That rejection near $0.1108?
Strong selling pressure sitting there

Price still hasnโ€™t built a proper base
No confirmation that buyers are stepping in yet

It can still dip into $0.0850โ€“$0.0900 before any real bounce

โœ… What to actually do

If you want LONG ๐ŸŸข

Wait for price to hold above $0.0950 for at least 1โ€“2 candles

Entry: $0.0950 โ€“ $0.0970
Target: $0.1050 โ†’ $0.1108
SL: below $0.0900

Clean setup. No guessing.

If you want SHORT ๐Ÿ”ด

Only valid if price loses $0.0935 support

Entry: ~$0.0920 (after breakdown)
Target: $0.0850 โ†’ $0.0800
SL: above $0.0980

Donโ€™t anticipateโ€ฆ wait for the break.

๐ŸŽฏ My view

Slight long biasโ€ฆ but only if support holds at $0.0950

Trend is still bullish overall
But short-term? Cooling down

โš ๏ธ Important

Price already moved ~40%+ in 24h
That means volatility is high

This is NOT the place to go heavy

Size down.
Wait for confirmation.
Use stop loss.

No FOMOโ€ฆ let the chart come to you ๐Ÿฆž

{future}(ONGUSDT)
ONG-5%
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