🚨 $ONT Smart money absorbing at support.
🟢 LONG $ONT
Entry: $0.06250 - $0.06300
SL: $0.05950
TP1: $0.06600 | TP2: $0.06900 | TP3: $0.07200
Analysis:
- EMA alignment is strongly bullish with price holding above the 20 EMA ($0.05401), 50 EMA ($0.05219), and 200 EMA ($0.05302), confirming sustained trend momentum.
- Structure shows a healthy pullback to the $0.06250 support zone after the rejection from $0.06600, with buyers absorbing selling pressure.
- This support aligns with the previous breakout zone, now acting as a higher timeframe demand area for trend continuation.
- Statistical edge: Strong trending assets often see continuation after the first pullback; current zone offers favorable risk-reward with tight stop placement.
Invalidation: A 4-hour close below $0.05950.
Engagement Question: Smart money is absorbing $ONT at support. Which side are you on?