๐จ **ONT/USDT Analysis: Support, Resistance, and Trade Strategy** ๐จ
๐ ONT/USDT is currently trading at **$0.2490**, down **10.46%** in the last 24 hours. With a 24-hour low of **$0.2444** and high of **$0.2842**, the market is showing high volatility, but opportunities are brewing!
๐ **Support**: $0.2444 (recent low).
๐ **Resistance**: $0.2495โ$0.2500 (aligned with the MA(25) and previous candles).
๐ **Key Insight**: The price is consolidating, and the moving averages suggest a **bearish trend**. A breakout above $0.2500 could trigger a reversal, while a breakdown below $0.2444 may lead to further downside.
๐ก **Trade Strategy**:
- **Bullish Entry**: Go long if the price breaks above $0.2500 with strong volume. Target $0.2560โ$0.2600.
- **Bearish Entry**: Enter short on a confirmed drop below $0.2440, aiming for $0.2400 or lower.
โ ๏ธ Always use stop-loss levels: Protect long trades below $0.2444 and short trades above $0.2500.
๐ **Final Thoughts**: ONT/USDT is at a **decision point**โwatch for volume and candlestick confirmations. **Smart entries + tight risk management = better profits**! ๐
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