3.24 Tuesday #Ontusdt Evening Operation Strategy with Market Analysis
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$ONT RSI soared to 83, buying pressure is thin, a collapse could happen at any moment. During regular intraday fluctuations, the price broke directly out of the upper Bollinger Band, with a significant increase in volume at the 4-hour level but stable open interest, a typical structure of funds raising prices to offload. The 1-hour MACD histogram is expanding, but there is a bullish divergence between price and RSI, with thick sell orders near 0.0507, clearly indicating the intent to support the price.
Operation Suggestions
Entry: Short directly at 0.0535 - 0.0585,
Stop loss set slightly above: 0.0610.
Target: 0.0475 - 0.0425
Personal views are for reference only, trading involves risks, and investments should be made cautiously!
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