Short trade setup for $ONT and #ont
Price is facing rejection near 0.0679 and showing signs of short term exhaustion after a sharp pump. If price fails to reclaim higher levels and loses near support, a correction move can start. Volume is also decreasing which supports a possible pullback scenario.
click here 👇 $ONT
ONTUSDT
Perp
0.0592
-2.79%
Entry 0.0615 to 0.0625
Take Profit 0.0580 first target and 0.0555 second target
Stop Loss 0.0648
This short setup is only valid if price stays weak below 0.0630. Breakdown below 0.0600 will confirm bearish pressure and continuation to lower levels.