$ONT just dropped 11.71% in one day. Here's my honest read. 🧐
$0.07197 to $0.05865. That's not a dip. That's a flush.
Supertrend bearish at $0.06308. RSI at 40 — not oversold yet. That's the scary part.
Means this can still go lower before any real bounce.
My prediction:
🔴 Short term — more pain likely. RSI needs to hit 30 or below before serious buyers return. That means $0.0565–$0.0580 zone possible.
🟡 Medium term — $0.05865 low is the line. If it holds on retest with lower volume = accumulation signal.
🟢 Recovery only when price reclaims $0.06308 Supertrend. Until then every bounce is just a relief rally.
Honest probability:
60% chance we retest $0.0586 before any recovery
30% chance slow grind sideways here
10% chance immediate reversal
I wouldn't catch this falling knife today. I'd wait for RSI under 30 and a Supertrend flip. That's my entry trigger. Nothing else. ⏳
What's your stop loss if you're holding
$ONT right now? ⬇️
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