$ON /USDT — LONG | CONF 78%
ON is sitting near the 0.1453–0.1480 support zone after a sharp 4H sell-off. Your chart shows RSI(6) at 27.89, indicating oversold conditions, while the order book has a modest 55.30% buy-side. Recent spot data also shows ON trading around the mid-$0.14s after falling from higher levels.
Trade Plan:
Entry: 0.1460 – 0.1500
Stop Loss: 0.1400
TP1: 0.1550
TP2: 0.1640
TP3: 0.1750
Why this setup?
RSI(6) 27.89 → oversold
Price is testing the 0.1453–0.1480 area
Strong previous support around 0.145
Order book slightly favors buyers
0.164–0.177 is the major recovery/resistance zone
Confirmation: 4H close back above 0.1505, followed by a successful retest.
Invalidation: 4H close below 0.1400.
This is a high-risk oversold bounce setup, not a guaranteed reversal. If 0.1453 breaks decisively, the long setup becomes weaker.
Debate: Can $ON reclaim 0.164, or will sellers break the 0.145 support?
$ON
ON is sitting near the 0.1453–0.1480 support zone after a sharp 4H sell-off. Your chart shows RSI(6) at 27.89, indicating oversold conditions, while the order book has a modest 55.30% buy-side. Recent spot data also shows ON trading around the mid-$0.14s after falling from higher levels.
Trade Plan:
Entry: 0.1460 – 0.1500
Stop Loss: 0.1400
TP1: 0.1550
TP2: 0.1640
TP3: 0.1750
Why this setup?
RSI(6) 27.89 → oversold
Price is testing the 0.1453–0.1480 area
Strong previous support around 0.145
Order book slightly favors buyers
0.164–0.177 is the major recovery/resistance zone
Confirmation: 4H close back above 0.1505, followed by a successful retest.
Invalidation: 4H close below 0.1400.
This is a high-risk oversold bounce setup, not a guaranteed reversal. If 0.1453 breaks decisively, the long setup becomes weaker.
Debate: Can $ON reclaim 0.164, or will sellers break the 0.145 support?
$ON
