ONTUSDT trade ideas
Look Out for ONTLooks like ONT has bottomed out.
It is starting to create higher lows and a probable higher highs.
It has been testing the 0.4920 resistance line/range several times and has now become a support line.
EMA 5 has overtaken EMA 10 which I personally find a good signal to long.
Coservatively, TP at 0.5410.
PS:
1) I am new to crypto trading, so this is definitely not an investment advice!
2) If you're a female trader/investor, let's bounce ideas together!
ONT Broken out of the triangle and going parabolicONTUSDT seems to have broken out of the triangle and might soon go on a parabolic run.
Volume has been quite strong showing serious support behind the move up.
The red line shows the point of highest volume which we have left behind and will become a possible area of support.
This move up with the clear break of the triangle and the massive volume behind it it's a good candidate for a strong bull run.
I'm opening a LONG with the Stop loss just on the lower part of the triangle
✳️Ontology/USDT (28/10) #ONT $ONT #ONTUSDTONT is clearly in a downtrend and once in a downtrend, ONT is always falling so strongly and so horribly that we should be scared.
ONT can easily reduce up to 50-80% in downtrend, a terrifying reduction.
📈BUY- LONG Strategy
- Consider buying at $0.4
- Buy at $0.25
📉SELL-SHORT Strategy
-Sell at $0.55 and stop loss if 1D candle closes above $0.55
♻️BACK-UP Plan
Buy when the ONT rebounds and closes a 1D candle above $0.55
Sell at $0.65 and stop loss if you close a 1D candle above $0.65