$ONT is showing a sharp rebound from the 0.0585 demand zone after a prolonged pullback. Buyers stepped in with strength and price reclaimed the short term structure quickly. This move looks impulsive not corrective.
Momentum is shifting bullish as long as price holds above the breakout area.
Here is the setup taken directly from this chart
Entry Point
0.0660 – 0.0645
Target Point
TP1 0.0690
TP2 0.0725
TP3 0.0758
Stop Loss
0.0580
If this structure holds the next rebound becomes possible with a controlled push toward higher resistance.
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ONT
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