The $ON pair is trading at 0.0945, down 43.85% over the past 24 hours. The price is holding near the support low at 0.0937 and remains below the key moving averages, including MA(7) at 0.0986, MA(25) at 0.1195, and MA(99) at 0.1637, following a sharp drop from higher levels.
🔻 Direction: Short $ON
* Entry range: $0.0920 – $0.0980
* SL: $0.1120
* TP 1: $0.0820
* TP 2: $0.0700
* TP 3: $0.0580
Price action shows continued selling pressure after breaking below previous consolidation levels, with the price clearly holding below the key moving averages. Weak recovery attempts and seller dominance support the continuation of the downtrend as long as the nearby resistance around 0.1050 holds.
🔻 Direction: Short $ON
* Entry range: $0.0920 – $0.0980
* SL: $0.1120
* TP 1: $0.0820
* TP 2: $0.0700
* TP 3: $0.0580
Price action shows continued selling pressure after breaking below previous consolidation levels, with the price clearly holding below the key moving averages. Weak recovery attempts and seller dominance support the continuation of the downtrend as long as the nearby resistance around 0.1050 holds.
