🔥 ONG
📌 Event Details:
• Event Type: Short Liquidation
• Volume Liquidated: $1.0577K
• Trigger Price: $0.10057
🎯 Trade Setup:
• Entry Zone: $0.09950–$0.10100
• TP1: $0.10300
• TP2: $0.10600
• Stop-Loss (SL): $0.09680
📊 Market Analysis:
The $1.0577K short liquidation at $0.10057 indicates an upside liquidity sweep that cleared short-side positions and may provide a stronger base for spot demand. Holding the $0.09950–$0.10100 entry zone would preserve the immediate price structure and allow buyers to challenge $0.10300 before targeting $0.10600. A clean break above $0.10300 with increasing spot volume would strengthen momentum and signal potential continuation toward higher resistance. Failure to hold the entry zone, particularly below $0.09680, would weaken the structure and increase the risk of a deeper retracement.
🛡️ Risk Management: Keep spot allocation modest and predefined, reducing exposure if price breaks below the invalidation level.
