$ONT Sharp Rejection ... Short Setup Ready

Entry Range: 0.0620 – 0.0635

Stop Loss: 0.0595

Targets:

TP1: 0.0660

TP2: 0.0695

TP3: 0.0730

After a strong impulsive breakout from the base near 0.0500, price pushed aggressively into resistance and is now forming a tight consolidation just below highs.

This controlled pullback indicates strength, not weakness, with buyers absorbing supply.

A continuation move is likely once this range breaks upward, favoring longs on minor dips rather than chasing the top.

Invalidation: A breakdown below 0.0595 would weaken bullish structure and suggest deeper retracement.

Market Outlook: Momentum remains bullish with strong volume expansion, indicating continuation potential if resistance flips to support.

Click below trade here

ONT

0.06078

-1.29%