Is $ONT /USDT's quiet range a setup for a sharp drop?

$ONT - SHORT

Trade Plan:

Entry: 0.0801 – 0.0805

SL: 0.0819

TP1: 0.0791

TP2: 0.0783

TP3: 0.0771

Why this setup?

SHORT signal is armed. 4H chart shows price at a key level (0.0803) with RSI(15m) at 36.35, indicating bearish momentum is building within the daily range.

- Why now? Price is testing the upper bounds of its range with weak momentum, suggesting a rejection is likely. First target (TP1) is a clear -1.5% move to 0.0791.

Debate:

Is this the start of a breakdown from the range, or will ONT hold support?

Trade $ONT here 👇

ONT
ONTUSDT
0.0785
+6.08%

DYOR