$ON Bears are Gaining Momentum as Price Breaks Sharply
Short ON (DCA Entries)
EP1: 0.1515 – 50%
EP2: 0.1560 – 30%
EP3: 0.1620 – 20%
SL: 0.200
TP1: 0.1460
TP2: 0.1400
TP3: 0.1330
TP4: 0.1250
Why:
ON is showing continued bearish pressure after a sharp rejection from 0.27870. Price is trading below MA7 (0.15987) and MA25 (0.17384), confirming a weak short-term structure. It is also slipping below MA99 (0.15164), which could turn this level into resistance. MACD remains deeply negative, with DIF (-0.00624) below DEA (-0.00454) and a negative histogram. Selling pressure remains dominant, while volume has declined significantly after the earlier rally. OI stands at 55.9M, with OI notional around 8.82M. A sustained breakdown below 0.1500 could open the door toward 0.1460 and 0.1400.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
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Trade ON here 👇
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#Altcoin Season# #Macro Insights#
Short ON (DCA Entries)
EP1: 0.1515 – 50%
EP2: 0.1560 – 30%
EP3: 0.1620 – 20%
SL: 0.200
TP1: 0.1460
TP2: 0.1400
TP3: 0.1330
TP4: 0.1250
Why:
ON is showing continued bearish pressure after a sharp rejection from 0.27870. Price is trading below MA7 (0.15987) and MA25 (0.17384), confirming a weak short-term structure. It is also slipping below MA99 (0.15164), which could turn this level into resistance. MACD remains deeply negative, with DIF (-0.00624) below DEA (-0.00454) and a negative histogram. Selling pressure remains dominant, while volume has declined significantly after the earlier rally. OI stands at 55.9M, with OI notional around 8.82M. A sustained breakdown below 0.1500 could open the door toward 0.1460 and 0.1400.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
🫂 Join my Binance Chat Group to Improve your trading skills and Let’s together win every trade.
Trade ON here 👇
Trade smart. DYOR.
#Altcoin Season# #Macro Insights#
