$ON | Strong selling pressure and sellers targeting lower levels 📉🔥
ON is currently under clear downward pressure, with a decline of about 5% and price trading near $0.1490. Sellers still control the momentum, while the $0.1500 – $0.1530 area is turning into an important resistance that may limit any attempt to rebound.
If the price fails to break above this zone and a clear rejection appears, the bearish wave may resume toward the next levels.
📉 Trade type: SHORT
💰 Entry zone: $0.1480 – $0.1530
🎯 Targets:
TP1: $0.1462
TP2: $0.1433
TP3: $0.1400
🛑 Stop loss: $0.1560
$ON
ON is currently under clear downward pressure, with a decline of about 5% and price trading near $0.1490. Sellers still control the momentum, while the $0.1500 – $0.1530 area is turning into an important resistance that may limit any attempt to rebound.
If the price fails to break above this zone and a clear rejection appears, the bearish wave may resume toward the next levels.
📉 Trade type: SHORT
💰 Entry zone: $0.1480 – $0.1530
🎯 Targets:
TP1: $0.1462
TP2: $0.1433
TP3: $0.1400
🛑 Stop loss: $0.1560
$ON
