🚨 Shorting the $ONT Pump → High Risk, High Reward?
$ONT has been one of today's top performers, but we all know how this story often ends. After a massive +70% surge driven by the EU digital identity news, the volatility is off the charts. 🚀➡️📉
🎯 While the momentum is strong, these vertical moves are rarely sustainable.
I've managed to scale into a short position at $0.0629, and I’m currently sitting at ~120% ROI.
The Strategy 🧠
The price is currently battling a heavy supply zone between $0.065 and $0.070. If it fails to break through, a correction back to the $0.050 support could be fast and aggressive.
What do you think? Is the "Identity Narrative" enough to keep it pumping? 🤔
💬 Where would you take profits? Let’s talk targets in the comments! 👇
#ONT #ShortTrade #CryptoAnalysis #BinanceSquare #TradingStrategy