🚀 $ON/USDT — Strong Recovery Testing Major Resistance
ON has gained more than 26% and is trading near its 24-hour high of $0.3023. On the 2H chart, price has recovered above EMA 7, EMA 25, MA 44 and the Bollinger upper band. However, it remains below the Supertrend resistance at $0.3084 and EMA 99 at $0.3227, so the bullish reversal is not fully confirmed yet.
The safer long setup becomes active after a confirmed 2H close above $0.3085 followed by a successful retest. The upside targets are $0.323, $0.340 and $0.361, while the clear stop-loss should be placed below $0.295. Buying directly near resistance without confirmation carries higher risk.
The short setup becomes valid if ON rejects the $0.302–$0.308 resistance zone and closes below $0.295. The downside targets would be $0.286, $0.282 and $0.269, with a stop-loss above $0.309.
ON is showing strong recovery momentum, but a breakout above $0.3085–$0.323 is required to confirm a broader bullish reversal.
#ON #ONUSDT #Crypto #BinanceSquare #TradingSignal
ON has gained more than 26% and is trading near its 24-hour high of $0.3023. On the 2H chart, price has recovered above EMA 7, EMA 25, MA 44 and the Bollinger upper band. However, it remains below the Supertrend resistance at $0.3084 and EMA 99 at $0.3227, so the bullish reversal is not fully confirmed yet.
The safer long setup becomes active after a confirmed 2H close above $0.3085 followed by a successful retest. The upside targets are $0.323, $0.340 and $0.361, while the clear stop-loss should be placed below $0.295. Buying directly near resistance without confirmation carries higher risk.
The short setup becomes valid if ON rejects the $0.302–$0.308 resistance zone and closes below $0.295. The downside targets would be $0.286, $0.282 and $0.269, with a stop-loss above $0.309.
ON is showing strong recovery momentum, but a breakout above $0.3085–$0.323 is required to confirm a broader bullish reversal.
#ON #ONUSDT #Crypto #BinanceSquare #TradingSignal