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