$ONT ONT is suitable for band traders, but those who chase highs and cut lows will find it difficult here.
• RSI is at 79, and the short-term has entered the overbought zone.
• MA5 is above MA20, and the short-term trend has not been broken yet.
• The trend line on the 4H chart is still intact; as long as the close does not break this line, the structure can still be considered.
Bullish scenario: Wait for the price to stabilize at 0.07246 before entering, and buying on a pullback that does not break 0.07218 is also acceptable.
Upper target: First look at 0.07318, then at 0.07391.
Bearish/Counter scenario: A close below 0.07138 will interrupt this bullish structure, and the cost-effectiveness of a counter short is higher.
In one sentence: A closing price below 0.07138 is the structural invalidation line; before that, look for opportunities on pullbacks.
$NOM $KDA