$ONT Update: Parabolic Move or Overextended Peak?
($ONT) is currently witnessing a massive bullish surge, up +55.21% and trading at $0.06432. The price has completely detached from its 1H SuperTrend support at $0.05148, while the RSI(6) has reached an extreme overbought level of 98.45, signaling a highly parabolic state that often precedes a sharp correction.
🎯 Trade Setup
EP (Entry): $0.05450 – $0.05850 (Wait for a retest of support)
TP (Targets)
TP1: $0.06850
TP2: $0.07500
TP3: $0.08200
SL (Stop Loss): $0.04900
Technical momentum is undeniably strong, but with RSI at nearly 99, the immediate upside may be limited without a healthy cooling-off period. The 24h high at $0.06500 serves as the current local resistance, and a sustained hold above $0.06000 is crucial for the next leg higher.
Do you think ($ONT) can maintain this parabolic momentum, or are we about to see a deep pullback toward the SuperTrend?
Watching this level closely.
#ont #TechnicalAnalysis #cryptotrading #BinanceSquare #topgainer
