ONG/USDT Breakout Descending Channel, Could ONG reversal ??

391
💎 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.

💎 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.

💎 This retest could serve as another opportunity for the price to reverse its momentum and resume its upward trajectory.

💎 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.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.