🔴 $ON LONG LIQUIDATION ALERT! 🔴
Liquidation: $3.2411K Long Wiped at $0.18134 on Binance 💥
What Happened?
Bulls just took a hit! A $3.2K+ long position was forcefully closed as ON pulled back to $0.18134. After the recent short squeeze pushed prices up, late buyers (FOMO longs) just got trapped and flushed out on the retracement. 🩸
Why It Matters:
• Volatility Warning: We just saw shorts get wrecked at $0.177, and now longs are getting rekt at $0.181. This is classic "chop and squeeze" price action designed to liquidate both sides.
• Momentum Shift: Bulls MUST defend this $0.181 zone to prevent a deeper flush back into the $0.17s.
• Key Level to Watch: $0.18134 is the immediate pain threshold. Reclaiming it quickly = relief bounce. Losing it = deeper drop.
Trade Setup (Wait for the Bounce):
Note: The market is chopping up both sides. Do not catch a falling knife. Wait for stabilization and volume.
✅ Entry (Long): $0.1780 – $0.1810 (on bounce confirmation)
🎯 TP1: $0.1850
🎯 TP2: $0.1920
🎯 TP3: $0.2000
🛑 SL: $0.1720
⚖️ R:R ~ 1:2.5
Outlook:
⚡ Short-term: Highly volatile chop. Watch for a volume spike to signal a local bottom before entering.
🔭 Long-term: $ON needs to hold above the recent structural lows to maintain its macro uptrend. If it reclaims $0.19+, the bulls are back in control.
Sentiment: Low-cap tokens are getting violently hunted by market makers. Watch the volume and protect your capital. 👀
⚠️ Not financial advice. High volatility zone. DYOR and use tight stops!
Watching ON chop? Drop a 🔴 below!
$ON
#TradFiForBeginners #KeplrAdvisesSocialLoginUsersToTransferAssets
Liquidation: $3.2411K Long Wiped at $0.18134 on Binance 💥
What Happened?
Bulls just took a hit! A $3.2K+ long position was forcefully closed as ON pulled back to $0.18134. After the recent short squeeze pushed prices up, late buyers (FOMO longs) just got trapped and flushed out on the retracement. 🩸
Why It Matters:
• Volatility Warning: We just saw shorts get wrecked at $0.177, and now longs are getting rekt at $0.181. This is classic "chop and squeeze" price action designed to liquidate both sides.
• Momentum Shift: Bulls MUST defend this $0.181 zone to prevent a deeper flush back into the $0.17s.
• Key Level to Watch: $0.18134 is the immediate pain threshold. Reclaiming it quickly = relief bounce. Losing it = deeper drop.
Trade Setup (Wait for the Bounce):
Note: The market is chopping up both sides. Do not catch a falling knife. Wait for stabilization and volume.
✅ Entry (Long): $0.1780 – $0.1810 (on bounce confirmation)
🎯 TP1: $0.1850
🎯 TP2: $0.1920
🎯 TP3: $0.2000
🛑 SL: $0.1720
⚖️ R:R ~ 1:2.5
Outlook:
⚡ Short-term: Highly volatile chop. Watch for a volume spike to signal a local bottom before entering.
🔭 Long-term: $ON needs to hold above the recent structural lows to maintain its macro uptrend. If it reclaims $0.19+, the bulls are back in control.
Sentiment: Low-cap tokens are getting violently hunted by market makers. Watch the volume and protect your capital. 👀
⚠️ Not financial advice. High volatility zone. DYOR and use tight stops!
Watching ON chop? Drop a 🔴 below!
$ON
#TradFiForBeginners #KeplrAdvisesSocialLoginUsersToTransferAssets