Friends, $ON Short Setup — Bounce into Resistance!
Trade Setup: Short $ON
· Entry Zone: 0.1100 – 0.1180
· Target 1: 0.0950
· Target 2: 0.0800
· Invalidation: Close above 0.1250
· Leverage: 5x–12x
Recent bounce lacks structural shift and appears to be a relief move into overhead supply. Price is reacting near resistance where prior breakdown originated. As long as 0.1180–0.1250 caps upside, continuation toward 0.0950 liquidity is favored. Acceptance above 0.1250 invalidates the setup.
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ON
Alpha
0.093078
-4.71%