$ON USDT – RELIEF RALLY OR TREND REVERSAL? 🔥
Market Sentiment: Cautiously Bearish
ON is showing a 3.1% bounce with volume increasing 283.9%, but the 24-hour performance remains deeply negative at -12%. Buyers are attempting a recovery, while the broader short-term trend remains under pressure.
SHORT SETUP
Entry Range: 0.0845 – 0.0865
TP1: 0.0820
TP2: 0.0790
Final Target: 0.0755
Stop Loss: 0.0890
📊 Technical Outlook:
- Rising volume indicates strong market participation during the recovery.
- The 0.0865–0.0890 zone is a key resistance area to watch.
- Rejection could trigger another bearish move, while a confirmed breakout may invalidate the short setup.
⚠️ Risk Management: Wait for resistance rejection before entering. Do not chase the current bounce. Use proper position sizing and strict stop-loss protection.
Trade on $ON
#TradFiForBeginners #CoreWeaveJumps10%On168%RevenueGrowth #AnthropicRejectsIPODelayValuationinQuestion
Market Sentiment: Cautiously Bearish
ON is showing a 3.1% bounce with volume increasing 283.9%, but the 24-hour performance remains deeply negative at -12%. Buyers are attempting a recovery, while the broader short-term trend remains under pressure.
SHORT SETUP
Entry Range: 0.0845 – 0.0865
TP1: 0.0820
TP2: 0.0790
Final Target: 0.0755
Stop Loss: 0.0890
📊 Technical Outlook:
- Rising volume indicates strong market participation during the recovery.
- The 0.0865–0.0890 zone is a key resistance area to watch.
- Rejection could trigger another bearish move, while a confirmed breakout may invalidate the short setup.
⚠️ Risk Management: Wait for resistance rejection before entering. Do not chase the current bounce. Use proper position sizing and strict stop-loss protection.
Trade on $ON
#TradFiForBeginners #CoreWeaveJumps10%On168%RevenueGrowth #AnthropicRejectsIPODelayValuationinQuestion
