$ONT /TRY
$ONT /TRY Trading Setup
Market Insight:
$ONT is showing moderate bullish momentum with a +0.88% daily gain. Price is moving upward from the recent low of 5.473 TRY, with SAR flipping bullish at 5.582 TRY, suggesting continuation potential. However, broader trend (180-day: โ35.98%) implies this could still be a relief rally.
Entry Zone:
๐ 5.60 โ 5.72 TRY
(Watch for pullbacks above SAR at 5.582 for a safer re-entry)
Targets:
๐ฏ Target 1: 5.85 TRY
๐ฏ Target 2: 6.05 TRY
๐ฏ Target 3: 6.25 TRY
(Aligns with upper resistance and short-term momentum extension)
Stop Loss:
๐ 5.47 TRY
(Just below the recent swing low โ break below this invalidates the short-term bullish structure)
Key Levels:
Support: 5.58 / 5.47 TRY
Resistance: 5.85 / 6.05 / 6.25 TRY
SAR: 5.582 TRY (Bullish flip level)
24h Range: 5.473 โ 5.812 TRY
Pro Tip:
If momentum stalls near 5.85 or forms a double top, consider partial profit-taking. Watch volume โ a spike with price action above 5.85 confirms strength for higher targets.
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