$ON has fallen below the 0.12 level, with the current price at 0.1176.
Round-number levels have no magic in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so battles between bulls and bears are often fierce.
The key is whether a rebound can reclaim 0.12. If it can’t, support turns into resistance. What are your reasons for going long or short?
#ON
Markets carry risks. Invest with caution.
Round-number levels have no magic in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so battles between bulls and bears are often fierce.
The key is whether a rebound can reclaim 0.12. If it can’t, support turns into resistance. What are your reasons for going long or short?
#ON
Markets carry risks. Invest with caution.