$ON lost the 0.12 level. Two possible scenarios next:
① A rebound fails to reclaim 0.12 → the level turns into resistance, with the 24h low at 0.1035 as the next level to watch below.
② A quick move back above 0.12 → this was probably just a wick, and shorts could easily get squeezed.
I'm personally paying closer attention to how the first rebound plays out.
#ON
This content does not constitute any buy or sell advice.
① A rebound fails to reclaim 0.12 → the level turns into resistance, with the 24h low at 0.1035 as the next level to watch below.
② A quick move back above 0.12 → this was probably just a wick, and shorts could easily get squeezed.
I'm personally paying closer attention to how the first rebound plays out.
#ON
This content does not constitute any buy or sell advice.