$ON is showing exceptional bullish strength after breaking into a fresh higher-high structure, with buyers maintaining control above key breakout levels.
The price reacted strongly from the 0.3600 demand zone after rejecting lower prices, proving that buyers are defending support with confidence. Strong momentum, rising volume, and a sequence of higher highs and higher lows suggest that liquidity above the recent high could fuel another continuation move.
Trade Setup
Entry: 0.4150 - 0.4230
Target 1: 0.4400
Target 2: 0.4540
Target 3: 0.4800
Stop Loss: 0.3920
How it's possible
The recent rally was supported by strong buying volume, confirming that the breakout attracted genuine demand rather than weak speculation. Price is holding above an important support area, while momentum remains positive and the market structure continues to favor buyers. A clean break above the recent high could trigger another wave of buying as liquidity is taken. Keep your risk controlled, and if the price closes below the stop loss, exit the trade immediately to protect your capital.
Let's go and Trade now $ON
#SpaceX911.5MShareLockupExpires #IranOmanAgreeOnHormuzShippingRoute #KospiFalls4.58% #JapanRegulatorsUrgeCryptoWithdrawalLimits #ColdcardExploitFundsSentToMixers
The price reacted strongly from the 0.3600 demand zone after rejecting lower prices, proving that buyers are defending support with confidence. Strong momentum, rising volume, and a sequence of higher highs and higher lows suggest that liquidity above the recent high could fuel another continuation move.
Trade Setup
Entry: 0.4150 - 0.4230
Target 1: 0.4400
Target 2: 0.4540
Target 3: 0.4800
Stop Loss: 0.3920
How it's possible
The recent rally was supported by strong buying volume, confirming that the breakout attracted genuine demand rather than weak speculation. Price is holding above an important support area, while momentum remains positive and the market structure continues to favor buyers. A clean break above the recent high could trigger another wave of buying as liquidity is taken. Keep your risk controlled, and if the price closes below the stop loss, exit the trade immediately to protect your capital.
Let's go and Trade now $ON
#SpaceX911.5MShareLockupExpires #IranOmanAgreeOnHormuzShippingRoute #KospiFalls4.58% #JapanRegulatorsUrgeCryptoWithdrawalLimits #ColdcardExploitFundsSentToMixers