$ONT is sitting in a bearish 1H environment where the sellers still have enough structure behind them to keep the downside scenario alive.
Entry: 0.05319
SL: 0.054586
TP1: 0.051794
TP2: 0.050677
The pair remains below EMA200 and MACD continues to favor the downside. RSI at 42 isn't deeply stretched, leaving some room for another move lower, while ADX at 34.7 suggests the prevailing trend has reasonable strength. Supertrend remains the conflicting signal.
The 0.054586 area is the line that needs to stay protected on the short side. Keeping exposure moderate gives the setup room to breathe without letting a reversal turn expensive.
Entry: 0.05319
SL: 0.054586
TP1: 0.051794
TP2: 0.050677
The pair remains below EMA200 and MACD continues to favor the downside. RSI at 42 isn't deeply stretched, leaving some room for another move lower, while ADX at 34.7 suggests the prevailing trend has reasonable strength. Supertrend remains the conflicting signal.
The 0.054586 area is the line that needs to stay protected on the short side. Keeping exposure moderate gives the setup room to breathe without letting a reversal turn expensive.
