📈 $ONT TRADE PLAN
Bias: SHORT-TERM LONG → CAUTION (overbought)
Entry (Pullback Buy): $0.0625 – $0.0640
Aggressive Breakout Buy: Above $0.0700 (with volume)
TP1: $0.0715
TP2: $0.0760
TP3: $0.0795
SL: $0.0598 (strict)
$ONT just made a sharp rebound from ATL with aggressive whale buying. Momentum is strong, but RSI is extremely overbought — this sets up either a continuation squeeze or a healthy pullback.
🧠 Why LONG (with caution)
• Price reclaimed all key EMAs (trend flipped bullish)
• MACD bullish → momentum confirmed
• Whales increased longs +63% (high conviction)
• L/S ratio +65% → squeeze conditions
• Shorts under pressure (avg short ~$0.0795)
⚠️ Risk Note
• RSI ~81 → extremely overbought
• Expect volatility & possible pullback before continuation
• Chasing highs is risky — pullback entries preferred
Trade momentum, but respect overbought signals 📊
