$ONT Breakdown Pressure
I'm watching $ONT after this long liquidation at $0.0619, and this clearly shows bulls got trapped trying to hold the recent move. The rejection is visible, and this type of setup often leads to further downside continuation if buyers don’t reclaim quickly. Selling pressure is still active here, so patience matters.
EP: $0.0605 – $0.0620
TP: $0.0570 / $0.0520 / $0.0470
SL: $0.0655
This is a bearish continuation setup, and if weakness continues, ONT can move lower from here.