Ontology | Long Term Profits Plan
Hello traders!
At this very moment, while we have BTC ranging, there are a lot of good opportunities from coins that have dropped a lot! ONT is one of the beautiful gems that hasn't moved yet as it should be. We are very early, and here's my plan of action:
1) Price has bottomed out, and we can notice the range and size of the candles in the lowest demand zone got extremely small and condensed, which means volatility is contracting. There is definitely going to be a huge expansion, and we want to be early before this happens! So, make sure to get a position on the Demand zone as shown on the chart.
Possible confirmations would be:
1) a breakout of the 0.51 price mark if you want to play a conservative and higher probability trade.
2) Also, make sure there is a very fully closed candle above this price.
2) TARGETS: We have a very strong supply zone in which price has struggled and triggered a sell-off right away, so 2.5- 3 would be a top seller zone. If this zone gets pierced through successfully, then sit back, my friend, because ONT is taking a ride to the ATH.
Chart is very clean and clear, too. The ATH target has no other obstacles other than the 2.5–3 mark.
This idea is to spot for the long term. This asset is still in balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that we are sitting in a demand zone, which is a very beautiful and rare opportunity to have.
I hope you find it useful and are able to take advantage of this idea.
Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio.
Keep it shiny ⭐
Kina, The Girly Trader
At this very moment, while we have BTC ranging, there are a lot of good opportunities from coins that have dropped a lot! ONT is one of the beautiful gems that hasn't moved yet as it should be. We are very early, and here's my plan of action:
1) Price has bottomed out, and we can notice the range and size of the candles in the lowest demand zone got extremely small and condensed, which means volatility is contracting. There is definitely going to be a huge expansion, and we want to be early before this happens! So, make sure to get a position on the Demand zone as shown on the chart.
Possible confirmations would be:
1) a breakout of the 0.51 price mark if you want to play a conservative and higher probability trade.
2) Also, make sure there is a very fully closed candle above this price.
2) TARGETS: We have a very strong supply zone in which price has struggled and triggered a sell-off right away, so 2.5- 3 would be a top seller zone. If this zone gets pierced through successfully, then sit back, my friend, because ONT is taking a ride to the ATH.
Chart is very clean and clear, too. The ATH target has no other obstacles other than the 2.5–3 mark.
This idea is to spot for the long term. This asset is still in balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that we are sitting in a demand zone, which is a very beautiful and rare opportunity to have.
I hope you find it useful and are able to take advantage of this idea.
Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio.
Keep it shiny ⭐
Kina, The Girly Trader
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