$ONT is showing clear short-term weakness after failing to hold its earlier highs. Price dropped from the 0.083 area and moved steadily lower, showing strong selling pressure and profit taking from short-term traders. The move down to 0.0693 marked an important intraday support, where buyers finally stepped in and slowed the fall. The current price action around 0.070 suggests the market is trying to stabilize after a sharp decline, which is a common behavior after fast sell-offs.
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For traders, this zone is important for planning smart entries. As long as price holds above 0.069–0.070, a short-term bounce or range trade is possible, especially for scalpers looking for quick profits. However, confirmation is key. Traders should wait for strong green candles or higher lows before entering long positions. If support breaks, downside risk increases and patience becomes more important. Keep stop-losses tight, avoid chasing moves, and focus on clean setups. In fast intraday markets like this, controlled entries and risk management are what separate profitable traders from emotional ones.