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They're quietly positioning for a ONT drop while retail sleeps.
$ONT /USDT - SHORT
Trade Plan:
Entry: 0.086707 – 0.087055
SL: 0.088552
TP1: 0.085628
TP2: 0.084792
TP3: 0.083539
Why this setup?
4H chart is armed for a short. RSI on lower timeframes shows weakening momentum (15m RSI: 40.6), and price is testing a key resistance zone. The daily trend is range-bound, suggesting a rejection is due. Entry zone: 0.086707 - 0.087055.
Debate:
Is this the start of a breakdown to TP1 at 0.085628, or just another fakeout in the range?#GateSquareAprilPostingChallenge