$ONT BEARISH BREAKDOWN WATCH! ⚠️📉
Ontology (ONT) is trading at $0.1181 (-3.91%), with downside momentum picking up as price gets rejected near the $0.1230 resistance. The chart structure suggests bearish continuation, especially if support cracks.
🔍 Key Levels to Watch:
Resistance: $0.1230 🔼 | Strong rejection zone
Support 1: $0.1166 ⚠️ | Under pressure
Support 2: $0.1125 🧱 | Next key level on breakdown
📉 Current Price: $0.1181
Price remains stuck below the moving averages, favoring bears.
💣 TRADE SETUP – SHORT OPPORTUNITY:
Entry: $0.1185 – $0.1200 🔽
Take Profits (TP):
TP1: $0.1160
TP2: $0.1125
Stop Loss (SL): $0.1235 🚫
🛡️ Risk Management:
Use 2% or less of your capital per trade. Stick to the plan, honor your stop-loss, and aim for minimum 2:1 risk-reward.
Let the trend work for you — not against you! ⚔️📊
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