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$ONT Strong Bullish, Entering Potential Consolidation Phase
Wait for Better Long Entry/Short-term short. The trend is structurally bullish, but short-term indicators (MACD momentum loss, KDJ bearish crossover, bearish divergence in short-term capital flow, and potential topping candles) all point to a high probability of a pullback or consolidation before the next potential leg up.
Entry Timing
$ONT • Preferred Long entry: Wait for pullback to key support area 0.059-0.061 (near the previous consolidation zone).
• Aggressive Short entry: For short-term traders only, rejection from current price or a retest of the 0.067-0.0685 (BOLL Upper Band) area with bearish confirmation could present short-term short opportunity .
Stop-Loss:
• For a long entry near 0.060, set stop-loss below the next significant support, around 0.056 .
• For a short entry near 0.0675, set stop-loss above the recent swing high, around 0.071
Target Price
$ONT • For a long from 0.060, initial target is the recent high zone 0.073. A break above could target 0.083.
• For a short from 0.0675, target is 0.061
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