🐋 $ON hit a 30-day high, showing strong conviction from buyers.
However, it pulled back after testing the high. The current price of 0.1536 has fallen back below the previous high of 0.1681.
Stop-loss orders often pile up near new highs. Reversing after sweeping them suggests considerable selling pressure overhead. Watch to see whether it can reclaim the previous high.
#ON
However, it pulled back after testing the high. The current price of 0.1536 has fallen back below the previous high of 0.1681.
Stop-loss orders often pile up near new highs. Reversing after sweeping them suggests considerable selling pressure overhead. Watch to see whether it can reclaim the previous high.
#ON