ONTUSDT is trying to have a breakout from descending channel 🦐$ONT.X Bounced on weekly support, and now the price is trying to have a breakout. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ONTUSDT.P trade ideas
✳️Ontology/USDT Analysis (7/1) #ONT $ONTONT is under selling pressure at 0.6$ zone, which is an important resistance zone because if ONT breaks through this zone, ONT will rise sharply to 0.8$ and 1.1$ by the end of January.
If ONT continues to fail at this 0.6$ zone, it will fall as hard as it did in December.
📅NEWS
No News
📈BUY
-Buy: 0.57-0.6$ if A. SL if B
📉SELL
-Sell: 0.8-0.84$. SL if A
-Sell: 1.05-1.1$. SL if A
♻️BACK-UP
-Sell: 0.57-0.6$ if B. SL if A
-Buy: 0.38-0.4$. SL if B
-Sell: 0.38-0.4$ if B. SL if A
-Buy: 0.3-0.32$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
going to hit the channel topont has had a good move in the last few days. it broke all of the fibonacci weekly pivots an now has conducted a pullback to the previous high in the current upward trend. we can see a good bounce on the minor resistant drawn in the chart. minimum target is for hitting the channel top which is close to 38.2% level of fibo ret. 45% profit
ONT/USDTPERP - LONG - Potential 8.72%***NEW TRADE SET UP"**
ONT/USDTPERP - LONG - Potential 8.72%
Optional Leverage: 3X
Entry- 5118
TP1(75%) - 5313
TP2- (25%) - 5562
SL- 4938
- BTC at strong point of resistance rejection possible - High Risk Trade with Small Targets/Risk
- RR - 2.51
- Trailing Buy - 0.5%
- Trailing Profit - 1%
- Trailing Stop-Loss - No
ONTUSDTPERP - Long - Potential 9.13%ONTUSDTPERP - Long - Potential 9.13%
Entry- 5118
TP1 - 5308
TP2 - 5585
SL- 4875
- Optional Leverage 3-5X
- BTC Extremely Volatile - HIGH RISK TRADE
- TP1 = 75% of Investment, TP2 = 25% of Investment
- RR - 1.92
- Trailing Buy - 0.5%
- Trailing Profit - 1%
- Trailing Stop-Loss - No
ONTUSDT is testing the previous dynamic trendline 🦐ONTUSDT is testing the previous dynamic trendline after the price tested 0.382 Fibonacci level.
IF the price will have a breakout on 0.6 we can look for a long position, otherwise, if the price will lose the current support, According to Plancton's strategy (check our Academy), we can set a nice short order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.