$ON just bounced from the lows, but the bigger 15M structure still looks fragile.
After the explosive move toward $0.168, sellers completely reversed the impulse and dragged price back toward $0.105. Since then, #ON has been printing lower highs, which tells me the recovery hasn't yet repaired the damage from that sell-off.
I'm watching $0.113–$0.115 closely. If price pushes into that zone and sellers reject it, I’d look for continuation toward $0.109, $0.106 and potentially $0.1043.
The setup is invalidated if ON convincingly reclaims $0.1175–$0.118.
No FOMO. Let the rejection confirm the trade rather than shorting directly into support.
#BinanceLaunchesBinanceIntelligence #FedMinutesFocusOnOctoberPause #EvernorthDelaysNasdaqDebutToOct12
After the explosive move toward $0.168, sellers completely reversed the impulse and dragged price back toward $0.105. Since then, #ON has been printing lower highs, which tells me the recovery hasn't yet repaired the damage from that sell-off.
I'm watching $0.113–$0.115 closely. If price pushes into that zone and sellers reject it, I’d look for continuation toward $0.109, $0.106 and potentially $0.1043.
The setup is invalidated if ON convincingly reclaims $0.1175–$0.118.
No FOMO. Let the rejection confirm the trade rather than shorting directly into support.
#BinanceLaunchesBinanceIntelligence #FedMinutesFocusOnOctoberPause #EvernorthDelaysNasdaqDebutToOct12