🚨 $ONT reaches a strong resistance zone and the bears are getting ready to take control! 📉
🔴 Entry zone: 0.05891 – 0.06010
🎯 Targets: 0.0575 – 0.0541
⚠️ Stop loss: 0.0645
Strong sell volumes are accumulating within the supply zone 0.05891 – 0.06010, limiting the upward move as buyer momentum weakens. 📊
Clear signs of price exhaustion appear on the short timeframe, which may set up a downward move toward liquidity areas and the next lower support zones.
📉 With the risk level set above 0.0645, the drop could extend toward 0.0575 and then 0.0541 if selling pressure continues.
💬 Will you enter a sell trade from this zone, or will you wait for a retest? �
🔴 Entry zone: 0.05891 – 0.06010
🎯 Targets: 0.0575 – 0.0541
⚠️ Stop loss: 0.0645
Strong sell volumes are accumulating within the supply zone 0.05891 – 0.06010, limiting the upward move as buyer momentum weakens. 📊
Clear signs of price exhaustion appear on the short timeframe, which may set up a downward move toward liquidity areas and the next lower support zones.
📉 With the risk level set above 0.0645, the drop could extend toward 0.0575 and then 0.0541 if selling pressure continues.
💬 Will you enter a sell trade from this zone, or will you wait for a retest? �
