$ONT – Structure shaping into a potential head and shoulders, looks like a clean short setup here

Trading Plan Short $ONT

Entry: 0.056 – 0.059

SL: 0.0615

TP: 0.052

TP: 0.048

TP: 0.044

The rally managed to extend but the move is beginning to lose strength around this zone. Buyers tried to keep pushing, though the follow-through is fading and the structure is turning more choppy. Instead of continuation higher, price is starting to grind into resistance, and when momentum cools off like this it often leads to a pullback as sellers step back in.

Trade $ONT here 👇

ONT
ONTUSDT
0.0589
-3.91%