ON is tightening its range as the broader crypto market rallies on renewed institutional interest, setting the stage for a short swing. The price is perched near a fresh order block, making the downside bias hard to ignore.
🔴 $ON SHORT 📉
Entry → $0.104396-$0.104604
Stop → $0.107635 (-3.0%)
TP1 → $0.102932 (+1.5%)
TP2 → $0.099275 (+5.0%)
R/R 1:1.7 • Confidence 65%
A clear change of character broke the bullish swing, and the CVD turned negative confirming the shift. The fair value gap lines up right under the order block, creating a strong POI where supply is stacked. With the structure now forming lower highs, the short entry feels like a natural continuation.
A 3.0% stop is relatively tight given the volatility, so keep leverage modest, around 3‑5x.
Consider scaling out half the position around the first profit target to lock in early gains.
Not financial advice — trade only what you can afford to lose 🙏
$ON #ONUSDT #AnthropicRejectsIPODelayValuationinQuestion #TradingSignals #Write2Earn
🔴 $ON SHORT 📉
Entry → $0.104396-$0.104604
Stop → $0.107635 (-3.0%)
TP1 → $0.102932 (+1.5%)
TP2 → $0.099275 (+5.0%)
R/R 1:1.7 • Confidence 65%
A clear change of character broke the bullish swing, and the CVD turned negative confirming the shift. The fair value gap lines up right under the order block, creating a strong POI where supply is stacked. With the structure now forming lower highs, the short entry feels like a natural continuation.
A 3.0% stop is relatively tight given the volatility, so keep leverage modest, around 3‑5x.
Consider scaling out half the position around the first profit target to lock in early gains.
Not financial advice — trade only what you can afford to lose 🙏
$ON #ONUSDT #AnthropicRejectsIPODelayValuationinQuestion #TradingSignals #Write2Earn