📉 $ON SHORT SETUP: RSI EXHAUSTION SIGNALS A POTENTIAL FLIP
Entry: 0.3391 ⚡
Target: 0.2815 🚀
Target: 0.224 🎯
Target: 0.1665 💥
Stop Loss: 0.4541 ⚠️
Watching the tape on $ON , and this looks like a surfer reading a swell that's about to fold. The 1H RSI is stretched and rolling over, signaling seller pressure is seeping in. 📉 💡 But here's the catch: the daily bias is still bullish with price riding above the EMA50. This is a scouting short against the trend, so risk management is everything. That's why the play locks in partial profits at TP1 and trails the stop to breakeven, letting the market prove itself.
If that RSI breakdown gains legs, we could see a cascade back toward 0.28 and then deeper liquidity. The question is whether this is the top-fishing moment or just noise. 💬 Do you trust the 1H exhaustion over the daily trend, or is this a trap? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ON #ShortSetup #RSI #RiskManagement #Crypto
🎯 🩸
Entry: 0.3391 ⚡
Target: 0.2815 🚀
Target: 0.224 🎯
Target: 0.1665 💥
Stop Loss: 0.4541 ⚠️
Watching the tape on $ON , and this looks like a surfer reading a swell that's about to fold. The 1H RSI is stretched and rolling over, signaling seller pressure is seeping in. 📉 💡 But here's the catch: the daily bias is still bullish with price riding above the EMA50. This is a scouting short against the trend, so risk management is everything. That's why the play locks in partial profits at TP1 and trails the stop to breakeven, letting the market prove itself.
If that RSI breakdown gains legs, we could see a cascade back toward 0.28 and then deeper liquidity. The question is whether this is the top-fishing moment or just noise. 💬 Do you trust the 1H exhaustion over the daily trend, or is this a trap? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ON #ShortSetup #RSI #RiskManagement #Crypto
🎯 🩸