$ON / USDT – Short Liquidation Creates a Potential Bullish Setup
ON recorded a $4.931K short liquidation near $0.20941. This suggests that bearish traders were forced to close positions, potentially adding buying pressure and supporting a short-term recovery. However, forced short closures do not guarantee that the upward move will continue.
Potential Trade Setup
- Entry zone: $0.2090–$0.2096
- Upside targets: $0.2110 / $0.2130 / $0.2155
- Downside targets: $0.2080 / $0.2065
- Protective stop-loss: Below $0.2079
- Short-term bias: Cautiously bullish above $0.2094
Market outlook: Holding above $0.2094 could encourage buyers to test the next upside levels. A sustained move below $0.2080 would weaken the bullish case and could bring sellers back into control. Look for confirmation through volume and price structure.
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#TwoAddressesHoldingAbout1.28BUSDTFrozen
#BinanceWillListPredictPREDICT
ON recorded a $4.931K short liquidation near $0.20941. This suggests that bearish traders were forced to close positions, potentially adding buying pressure and supporting a short-term recovery. However, forced short closures do not guarantee that the upward move will continue.
Potential Trade Setup
- Entry zone: $0.2090–$0.2096
- Upside targets: $0.2110 / $0.2130 / $0.2155
- Downside targets: $0.2080 / $0.2065
- Protective stop-loss: Below $0.2079
- Short-term bias: Cautiously bullish above $0.2094
Market outlook: Holding above $0.2094 could encourage buyers to test the next upside levels. A sustained move below $0.2080 would weaken the bullish case and could bring sellers back into control. Look for confirmation through volume and price structure.
#USMidtermElections
#TwoAddressesHoldingAbout1.28BUSDTFrozen
#BinanceWillListPredictPREDICT