$ON is trading at 0.0945, down -43.85% over the last 24 hours, consolidating near its support low of 0.0937 and remaining below key moving averages including the MA(7) at 0.0986, MA(25) at 0.1195, and MA(99) at 0.1637 following a steep decline from higher levels.
🔻 Bias: Short $ON
* Entry range: $0.0920 – $0.0980
* SL: $0.1120
* TP 1: $0.0820
* TP 2: $0.0700
* TP 3: $0.0580
Price action shows continuous downward pressure following a breakdown from higher consolidation zones, remaining well below major moving averages. Weak recovery attempts and strong seller dominance favor continued downside movement as long as overhead resistance near 0.1050 holds firm.
🔻 Bias: Short $ON
* Entry range: $0.0920 – $0.0980
* SL: $0.1120
* TP 1: $0.0820
* TP 2: $0.0700
* TP 3: $0.0580
Price action shows continuous downward pressure following a breakdown from higher consolidation zones, remaining well below major moving averages. Weak recovery attempts and strong seller dominance favor continued downside movement as long as overhead resistance near 0.1050 holds firm.
