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They calmly position themselves for a decline, but the $ONT /USDT chart tells a different story.
$ONT - SELL
Trading Plan:
Entry: 0.0764 – 0.0768
Stop Loss: 0.0788
Take Profit 1: 0.0749
Take Profit 2: 0.0738
Take Profit 3: 0.0722
Why this setup?
The daily trend is range-bound, not bearish. The 4H setup is ready for SELL, but with only 55% confidence. The RSI on 15M is neutral at 41.37, indicating no strong momentum. Key resistance is at 0.0788 (Stop Loss).
Debate:
Is this a high-probability approach or a classic trap in a ranging market?
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