ONG is forming a Broadening Falling Wedge pattern and if it holds the $0.55 zone then we could see a strong rally to the $1.2 zone in the near term. But if it loses the $0.55 zone, it will continue to fall sharply and may fall back to the $0.35 zone
๐RED PLAN
โป๏ธCondition : If 1-Day closes ABOVE 0.55$ zone
๐ดBuy : 0.55
๐ดSell : 0.7 - 0.85 - 1 - 1.2
๐BLUE PLAN
โป๏ธCondition : If 1-Day closes BELOW 0.55$ zone
๐ตSell : 0.55
๐ตBuy : 0.35
โDetails
๐ซStoploss for Long : 10%
๐ซStoploss for Short : 5%
๐Red Arrow : Main Direction as RED PLAN
๐Blue Arrow : Back-Up Direction as BLUE PLAN
๐ฉGreen zone : Support zone as BUY section
๐ฅRed zone : Resistance zone as SELL section