Rejection from resistance with lower high formation signaling short term downside continuation

$ONT SHORT

Trade Plan

Entry

0.08040 0.08070

Stop Loss

0.08250

Take Profit

TP1 0.07850

TP2 0.07700

TP3 0.07500

Why this setup

Price failed to sustain above resistance and showing bearish structure with consecutive red candles indicating momentum shifting to sellers

Buy and Trade $ONT

ONTUSDT

دائم

0.0811

-6.78%