ONT is today's low-hanging fruit, +14% in 4 hours by every logic it's overheating and must retrace, even a little bit.
Disregard the ascending channel, it's for dramatic flare.
I'd like to see a decisive rejection of S/R 4 hour channel (~0.5690), then I'll consider a short, with a generous stoploss.
Target #1 = 0.5295
Target #2 = 0.5158
Target #3 = 0.5072 to 0.5051
Keep in mind that today ONT went parabolic, making it a 10/10 on the dangerous trade scale.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
ONTPERP
ONTUSDT
ONTUSDT
ONTUSDTPERP
Disregard the ascending channel, it's for dramatic flare.
I'd like to see a decisive rejection of S/R 4 hour channel (~0.5690), then I'll consider a short, with a generous stoploss.
Target #1 = 0.5295
Target #2 = 0.5158
Target #3 = 0.5072 to 0.5051
Keep in mind that today ONT went parabolic, making it a 10/10 on the dangerous trade scale.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
ONTPERPONTUSDTONTUSDTONTUSDTPERP
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.