$ONT Tactical Short: The Parabolic Fade
Retail is chasing the "Moon Mission," but the Talha Sniper sees the 4H structure turning choppy at the $0.084 level. Parabolic moves that lack a fundamental floor always return to retest their breakout origins. We are sniping the rejection from this local top before the inevitable "long squeeze."
Entry Zone: $0.079 – $0.084 (Fade the Stalling Momentum)
TP1: $0.073 (Immediate Structural Support)
TP2: $0.067 (Previous Consolidation Base)
TP3: $0.061 (Macro Demand Floor)
Stop Loss: $0.090 (Hard exit on daily close above local high)
Trade Logic:
The move higher has been aggressive, but price action is starting to grind into heavy resistance. Buyers pushed price up strongly, but the follow-through is fading and the structure is turning more choppy. When price gets extended into resistance and stalls like this, it often leads to a fast pullback as profit-taking accelerates. Keep leverage at max 10x.