🚨 ONT struggling to reclaim structure after breakdown — weak bounce, sellers still in control.
$ONT /USDT – SHORT
Trade Plan:
Entry: 0.0755 – 0.0765
SL: 0.0790
TP1: 0.0736
TP2: 0.0715
TP3: 0.0690
Market Narrative:
Price rejected from the 0.079 zone and is now consolidating below key moving averages. The bounce from 0.0736 lacks strength, forming a weak recovery structure. This looks like a classic lower-high formation in a bearish trend — ideal for continuation shorts.
Related Coins to Watch:
NEOUSDT
Διην.
2.884
-0.48%
QTUMUSDT
Διην.
0.918
0.00%
Layer-1 coins often move in sync — weakness here could extend across similar narratives.
If this minor support fails again, expect a continuation toward deeper downside levels.
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ONTUSDT
Διην.
0.0864
+10.06%