$ONT â đ Descending Trendline Breakout Setup
$ONT is attempting to break out of a multi-day descending trendline while reclaiming the short-term moving averages. Momentum is improving, and increasing volume suggests buyers are stepping back into the market.
A confirmed breakout above the trendline could trigger a strong bullish continuation.
đ Entry:
âą Current Market: 0.0462
OR
âą Buy the Pullback: 0.0452 â 0.0455
đ Stop Loss:
0.0440
đŻ Take Profit:
âą TP1: 0.0469 (1:1 R/R)
âą TP2: 0.0474 (1:1.5 R/R)
âą TP3: 0.0478 (1:2+ R/R)
đ Trade Idea:
âą Price is testing a long-term descending trendline after forming higher lows.
âą The short-term moving averages have turned bullish and are beginning to fan out.
âą Rising volume supports the breakout attempt.
âą A confirmed close above the trendline could open the way for a move toward the next resistance zone.
â ïž Risk Management: Never risk more than 1â2% of your trading capital on a single trade.
#ont #Ontusdt
$ONT is attempting to break out of a multi-day descending trendline while reclaiming the short-term moving averages. Momentum is improving, and increasing volume suggests buyers are stepping back into the market.
A confirmed breakout above the trendline could trigger a strong bullish continuation.
đ Entry:
âą Current Market: 0.0462
OR
âą Buy the Pullback: 0.0452 â 0.0455
đ Stop Loss:
0.0440
đŻ Take Profit:
âą TP1: 0.0469 (1:1 R/R)
âą TP2: 0.0474 (1:1.5 R/R)
âą TP3: 0.0478 (1:2+ R/R)
đ Trade Idea:
âą Price is testing a long-term descending trendline after forming higher lows.
âą The short-term moving averages have turned bullish and are beginning to fan out.
âą Rising volume supports the breakout attempt.
âą A confirmed close above the trendline could open the way for a move toward the next resistance zone.
â ïž Risk Management: Never risk more than 1â2% of your trading capital on a single trade.
#ont #Ontusdt