Rejection From Supply After Impulse Spike on $ONT /USDT Short Setup
Short $ONT /USDT
Entry: 0.0618 – 0.0630
SL: 0.0668
TP1: 0.0580
TP2: 0.0525
TP3: 0.0450
Price delivered a strong impulsive move into a key supply zone around 0.066–0.067 and showed immediate rejection with lower highs forming on lower timeframes. The structure is shifting from expansion to distribution, indicating exhaustion of buyers. As long as price remains capped below the resistance band, downside continuation toward lower liquidity zones remains the higher probability scenario.