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$ON USDT: Massive Dip or The Perfect Bottom Long Setup? 📉🔥
Hey Binance Square Traders! 👋
Look at the ONUSDT chart structure right now. After a heavy correction down to $0.12001, the price is showing strong signs of a bullish rejection and is attempting to reclaim key support levels. It is currently trading at $0.14343, with a massive 24h trading volume of $61.03M, proving that buyers are stepping in heavily at these lower levels.
The chart has clean horizontal support and resistance levels mapped out. Here is my exclusive Pro-Level Long Setup for ON:
🟢 ENTRY STRATEGY (Two Options):
Current Entry: Enter a partial position around $0.13500 – $0.14345 following this local bottom rejection.
Safe Entry: Wait for a clear daily hold or breakout above the $0.14865 minor resistance level to confirm a structural shift.
🎯 TAKE PROFIT (TP) TARGETS:
TP 1: $0.16310 (Immediate Key Resistance - Safe Exit)
TP 2: $0.18500 (Mid-Range Liquidity Zone)
TP 3: $0.20846 (Major Swing High Target)
🔴 STOP LOSS (SL):
$0.11800 (Just below the absolute local swing low support at $0.12001. If this breaks, the setup is invalid).
⚙️ Risk Management: High-volatility coin asset down over 28% today! Keep your leverage low (2x - 3x max) and protect your capital.
💬 What is your move? Are you buying this sharp dip or waiting for $0.16310 to break first? Drop your bias below! 👇
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