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 $0.35 zone
đRED PLAN
â»ïžCondition : If 1-Day closes ABOVE 0.55$ zone
đŽBuy : 0.55
đŽSell : 0.7 - 0.85 - 1 - 1.2
đBLUE PLAN
â»ïžCondition : If 1-Day closes BELOW 0.55$ zone
đ”Sell : 0.55
đ”Buy : 0.35
âDetails
đ«Stoploss for Long : 10%
đ«Stoploss for Short : 5%
đRed Arrow : Main Direction as RED PLAN
đBlue Arrow : Back-Up Direction as BLUE PLAN
đ©Green zone : Support zone as BUY section
đ„Red zone : Resistance zone as SELL section