$ONT /USDT Trading Signal – Volatility Surge!
Current Price: $0.2643 (+7.13%)
24H High: $0.3200
24H Low: $0.2383
$ONT /USDT showed a massive upward move earlier, reaching $0.3200, but bearish pressure has brought the price back down near $0.2643. The retest of support levels signals potential trading opportunities, with volatility expected to continue.
Signal: Long Position
Entry Zone: $0.2600–$0.2650
Take Profit Levels (TP):
TP1: $0.2750
TP2: $0.2880
TP3: $0.3000
Stop Loss (SL): $0.2520
Signal: Short Position
Entry Zone: $0.2670–$0.2700
Take Profit Levels (TP):
TP1: $0.2550
TP2: $0.2480
TP3: $0.2400
Stop Loss (SL): $0.2780
Market Analysis:
Bullish Scenario: If $ONT maintains support above $0.2600, it could retest higher resistance at $0.2880 and beyond.
Bearish Scenario: A failure to sustain above $0.2600 could lead to further declines toward $0.2400, marking a potential continuation of the downward trend.
Observation:
Key moving averages (MA7, MA25) are converging, suggesting increased volatility ahead.
Volume remains elevated, signaling strong market participation.