Range High Rejection on $ONT USDT Short Continuation Setup
Short $ONT USDT
Entry: 0.0620 0.0650
SL: 0.0667
TP1: 0.0580
TP2: 0.0525
TP3: 0.0450
ONT has tapped a well defined range high around 0.0667 and failed to sustain above it, printing a sharp rejection. The move shows a classic liquidity grab followed by immediate weakness, with price already rotating lower. As long as price stays below resistance, this setup favors a downside continuation toward the lower range liquidity.