$ONT : Shorts May Be Fuel for the Next Move
$ONT just rallied 11.8%, and the extreme -0.290% funding rate suggests shorts are heavily crowded against the current bullish momentum.
My bias remains bullish: 1H and daily structures are aligned higher, with BTC also showing strength. This makes negative funding more likely to act as squeeze fuel rather than exhaustion.
I’m watching the 0.0520–0.0535 demand/FVG zone for a pullback and bullish reaction before considering an entry.
Targets: 0.0555–0.0560 → 0.0580 → 0.0600
Invalidation: a close below 0.04944 would weaken the bullish setup and flip my bias bearish.$ONT
#ONT #CryptoTrading #Altcoins #Binance #Crypto
$ONT just rallied 11.8%, and the extreme -0.290% funding rate suggests shorts are heavily crowded against the current bullish momentum.
My bias remains bullish: 1H and daily structures are aligned higher, with BTC also showing strength. This makes negative funding more likely to act as squeeze fuel rather than exhaustion.
I’m watching the 0.0520–0.0535 demand/FVG zone for a pullback and bullish reaction before considering an entry.
Targets: 0.0555–0.0560 → 0.0580 → 0.0600
Invalidation: a close below 0.04944 would weaken the bullish setup and flip my bias bearish.$ONT
#ONT #CryptoTrading #Altcoins #Binance #Crypto