🚨 Bearish divergence detected on $ONT /USDT, an important signal many traders might be overlooking!
Considering a SHORT position on $ONT. Here’s the detailed plan:
Entry: 0.0815 – 0.0817
SL: 0.0832
TP1: 0.0804
TP2: 0.0796
TP3: 0.0784
🔍 The 4H chart indicates a high-confidence SHORT setup (79%), with price currently at a key resistance level of 0.0816 within its daily range.
The 15m RSI is overbought at 60.98, signaling a potential local top. This suggests a reversal downwards could target TP1 at 0.0804.
🤔 Is this the beginning of a significant breakdown from the range, or simply another fakeout? Share your thoughts!
Click here to Trade 👇️
(ONTUSDT)