Based on the chart provided for ONT/USDT, here is a professional, unique Binance Square post focused on the bearish EMA rejection.
$ONT Analysis: Bearish Trend Deepens Below EMA Resistance 📉
Ontology ($ONT) continues to struggle within a well-defined descending channel. The 1-hour chart shows the price consistently getting rejected at the EMA 20 and EMA 50 levels, which are now acting as heavy overhead resistance. With a -79.22% drawdown over the last 90 days, the bears remain firmly in the driver's seat.
Technical Breakdown
The recent price action near $0.0217 shows a series of lower highs, indicating a lack of buying momentum. The order book reflects a cautious sentiment, and as long as the price remains suppressed below the red EMA line, the probability of testing the local support at $0.015 remains high.
🎯 Bearish Trade Signal
* Trade Type: Short (EMA Rejection)
* Entry Zone: $0.0218 – $0.0225 (Near EMA Resistance)
* Take Profit 1: $0.0200 (Psychological Level)
* Take Profit 2: $0.0185 (Structural Low)
* Stop Loss: $0.0245 (Above recent swing high)
Risk Warning: $ONT is in a long-term downtrend. Avoid "bottom fishing" without a confirmed bullish structure break. Always use stop losses to protect your capital.
#ONT #Ontology #CryptoSignals #Bearish #TechnicalAnalysiss 1 #BinanceSquare