$ON This rally is a bit too aggressive—chasing a 22% jump really does make me feel uneasy. Looking at the data, there’s clear bearish divergence: the price is making new highs, but the RSI isn’t keeping up. Stoch RSI has already pushed up to the 97.5 overbought zone, so there’s considerable downward pressure in the short term. Also, the long-to-short ratio suggests that the proportion of long positions is declining, which could mean some profit-taking is coming in.
That said, the moving-average system still looks great on the long side: the EMA7 is clearly above the EMA25 and EMA99, and the overall trend remains strong.
If it holds the 0.284 support, the mildly bullish structure may continue. If it breaks below 0.251, then the current long thesis will need a big question mark. Chasing here carries high risk—high risk, but after a pullback, if it can stabilize around 0.284, there might still be an opportunity.
Only for observing the chart and scenario analysis; it does not constitute a record of trading actions.
$ON #行情分析 #现货 #Bear market
That said, the moving-average system still looks great on the long side: the EMA7 is clearly above the EMA25 and EMA99, and the overall trend remains strong.
If it holds the 0.284 support, the mildly bullish structure may continue. If it breaks below 0.251, then the current long thesis will need a big question mark. Chasing here carries high risk—high risk, but after a pullback, if it can stabilize around 0.284, there might still be an opportunity.
Only for observing the chart and scenario analysis; it does not constitute a record of trading actions.
$ON #行情分析 #现货 #Bear market