📉 $ON — fade the bounce, the blow-off top is still unwinding
ON spiked 50% in a day two sessions ago at RSI 92.8, exactly the setup that precedes a hard reversal, and that's what's happened: down to $0.085 from a $0.31 high, still making fresh lows. RSI is oversold again, which favors a short-term bounce, but the trend is clearly down. Short the bounce toward the falling short-term averages rather than catching the falling knife on the way down.$AGT $ARIA
SHORT
Entry: 0.1050
SL: 0.1300
TP1: 0.0750
TP2: 0.0600
TP3: 0.0450
ON spiked 50% in a day two sessions ago at RSI 92.8, exactly the setup that precedes a hard reversal, and that's what's happened: down to $0.085 from a $0.31 high, still making fresh lows. RSI is oversold again, which favors a short-term bounce, but the trend is clearly down. Short the bounce toward the falling short-term averages rather than catching the falling knife on the way down.$AGT $ARIA
SHORT
Entry: 0.1050
SL: 0.1300
TP1: 0.0750
TP2: 0.0600
TP3: 0.0450
