$ONT — Short Selling Thesis 📉🔥
This one is looking completely exhausted… and not in a good way.
$ONT has already been crushed over 99% from its highs, and there’s still no real sign of recovery. It even printed a fresh historical low back in February, which tells you one thing clearly — demand is dead, and sellers are still in control.
On top of that, Binance removing the leveraged trading pair is another red flag 🚨
Liquidity dries up → interest fades → volatility becomes one-sided.
Then comes the real killer…
⚠️ ~30M tokens issued yearly → constant dilution
⚠️ Old narrative (enterprise blockchain) → no longer attractive
⚠️ Market attention → completely shifted elsewhere
Let’s be real — this isn’t a “buy the dip” chart… this is a slow bleed structure.
Every bounce at this point looks like nothing more than a liquidity grab before continuation down. Trapped holders from higher levels are just waiting to exit — adding more sell pressure.
📊 Bias: Bearish
• Lower highs structure intact
• Weak rebounds
• No strong catalyst in sight
💡 Strategy mindset:
Sell the rips, not the bottoms. Let price come to resistance and fade it — don’t chase into support.
This isn’t about emotion, it’s about structure. And right now… structure says down ⬇️
#Crypto #Trading #ShortSelling #Altcoins #BearishTrend
