$ON - “LONG” setup forming (x10)
50.3%. Barely a trend.
- Nearly half of market orders are buy orders, so neither side is exerting pressure.
- This balanced distribution indicates that $ON is waiting, with no clear trend.
- A funding rate of 0.017% means that long positions are paying to stay open; there is therefore a cost to maintaining this side, and the entry zone is still about 1.4% below the price.
- The idea starts to make sense at 0.22.
Does this 50.3% distribution seem to you to reflect balance, or simply indicate that no one is showing up?
Setup:
Entry: 0.217–0.219
TP1: 0.238
TP2: 0.25
TP3: 0.265
SL: 0.203
Caution: the stop is 6.8% from the current price. Choose leverage
Entry is still about 1.4% below the price.
Entry: 0.217–0.219
TP1: 0.238
TP2: 0.25
TP3: 0.265
SL: 0.203
50.3%. Barely a trend.
- Nearly half of market orders are buy orders, so neither side is exerting pressure.
- This balanced distribution indicates that $ON is waiting, with no clear trend.
- A funding rate of 0.017% means that long positions are paying to stay open; there is therefore a cost to maintaining this side, and the entry zone is still about 1.4% below the price.
- The idea starts to make sense at 0.22.
Does this 50.3% distribution seem to you to reflect balance, or simply indicate that no one is showing up?
Setup:
Entry: 0.217–0.219
TP1: 0.238
TP2: 0.25
TP3: 0.265
SL: 0.203
Caution: the stop is 6.8% from the current price. Choose leverage
Entry is still about 1.4% below the price.
Entry: 0.217–0.219
TP1: 0.238
TP2: 0.25
TP3: 0.265
SL: 0.203
