$ONT exploded from the 0.044 area toward 0.060, followed by a strong pullback. Instead of collapsing further, price has started building a sideways base around 0.0500–0.0525.
This consolidation is the key area now. Buyers are still defending the 0.0500 zone, while repeated attempts toward 0.0530–0.0540 show that resistance is being tested.
Structure to watch:
• Resistance: 0.0535 → 0.0550 → 0.0600 • Support: 0.0500 → 0.0485 • Major support: 0.0450
Entry: 0.0500–0.0515
TP1: 0.0535
TP2: 0.0550
TP3: 0.0590
SL: 0.0484
A breakout above 0.0535 would strengthen the continuation setup. If 0.0500 fails,
expect a deeper retest before another move higher$ONG
$BTW
This consolidation is the key area now. Buyers are still defending the 0.0500 zone, while repeated attempts toward 0.0530–0.0540 show that resistance is being tested.
Structure to watch:
• Resistance: 0.0535 → 0.0550 → 0.0600 • Support: 0.0500 → 0.0485 • Major support: 0.0450
Entry: 0.0500–0.0515
TP1: 0.0535
TP2: 0.0550
TP3: 0.0590
SL: 0.0484
A breakout above 0.0535 would strengthen the continuation setup. If 0.0500 fails,
expect a deeper retest before another move higher$ONG
$BTW