Is ONTUSDT About to Face a Major Rejection?Yello, Paradisers! Are you keeping a close eye on #ONTUSDT? If not, you might want to—this pair is showing some signs that could lead to a significant move.
💎#ONTUSDT has been locked in a downtrend on the major timeframes, consistently forming lower lows and lower highs. But here’s where it gets interesting: after reaching a new lower low, the price has started to move upward, heading straight into a key Fibonacci resistance zone. This zone, which aligns with the 0.618-0.66 Fib levels, sits between 0.1820 and 0.1904.
💎This alignment isn't just a coincidence—it’s a critical area to watch, as the pair has a high probability of being rejected from this resistance. Additionally, there’s another potential rejection point at the supply zone around 0.2018.
💎If ONTUSDT fails to break through these levels, we could see it project downwards towards several key support zones; Support Zone 0.1589 , Major Support Zone: 0.1445, Strong Support Zone: 0.1275.
💎However, traders should note that the current bearish structure would be invalidated if the price closes above the lower high at 0.2223. A close above this level could shift the trend to bullish, leading to a potential reversal.
Stay sharp, Paradisers, and make sure your strategies are in place! This could be a crucial moment for ONTUSDT, and the market might not give a second chance.
Stay smart and focused, Paradisers! The next few months will be juicy for some and painful for others. Discipline and robust strategies are the only ways to thrive long-term in this market.
MyCryptoParadise
iFeel the success🌴
