$ONT Short setup 📉🔥
Entry Zone: $0.0540 – $0.0550
Stop Loss: $0.0585
Take Profit Targets:
🎯 TP1: $0.0520
🎯 TP2: $0.0495
🎯 TP3: $0.0465
Analysis:
$ONT is showing bearish weakness on the 4H timeframe after failing to sustain its recent impulsive pump. Price is now trading below the EMA(7) and struggling to reclaim short-term momentum, which suggests sellers are gradually taking control.
The rejection from the higher zone and continuous formation of weaker candles indicates that the market may continue correcting toward lower support levels. If price remains below the short-term resistance area, the first downside target sits near $0.0520, followed by $0.0495 and potentially $0.0465 if bearish pressure accelerates.
The setup remains valid as long as price stays below the invalidation zone. A move above $0.0585 would weaken the short bias and could trigger a recovery bounce.
🎯 Support me trade $ONT here 👇
