🚨URGENT:
$ONT data showing something WILD🐋! As your Risk Manager, I'm calling out a critical market context: we're trading below the EMA200, indicating a bearish trend. With normal volume and high volatility, we need to be strategic. The MACD histogram is barely above zero, suggesting a potential reversal. It's time to get ready for a move!💰
ONT | SHORT🔴
💰Price: $0.06
📊Market Dashboard:
• Vol: $2.31M | OI: $3.13M
• Range: 0.06 - 0.06
• Funding: -0.0145%
• Mark: 0.0591 | Index: 0.059218
🎯Entry Zone: 0.0605 - 0.0610 (Above current price for a short entry, considering the bearish trend and potential reversal)
🛑Stop Loss: 0.0623 (Calculation: 1.5x ATR (0.0012) added to the entry zone, adjusted for market context)
💰Targets:
1. 0.0575 (TP1: Safe, below the current price, considering the bearish trend)
2. 0.0550 (TP2: Swing, targeting a potential swing low)
3. 0.0500 (TP3: Moonbag, aiming for a larger downside move)
⚖️Leverage: Cross 8x-12x (Adjusted for High (1.97%) Volatility)
🔑Key Drivers:
- Bearish trend (Below EMA200)
- High volatility (1.97% ATR)
- Normal volume ($2.31M)
⚠️RISK WARNING: High leverage = High risk. Manage your bankroll!
⚠️CTA:👉Click below to see if I'm a genius or a degens🤡
#ont #cryptotrading #RiskManagement