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 $0.35 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.55$ zone
🔴Buy : 0.55
🔴Sell : 0.7 - 0.85 - 1 - 1.2
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.55$ zone
🔵Sell : 0.55
🔵Buy : 0.35
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section