$ON 1 hours +7.69%, current price 0.0798. If you're itching to chase, ask yourself three questions first:
① The 24h high of 0.0907 hasn't been broken yet—is the risk/reward still worth it?
② It's still down 7.53% over 24h—is this a rebound or a reversal? Have you thought it through?
③ Where's your exit plan? Have you figured that out?
Think through all three before deciding. If you can't answer them, it's better to let this one pass.
The selling pressure near the previous high above is the first hurdle ahead.
① The 24h high of 0.0907 hasn't been broken yet—is the risk/reward still worth it?
② It's still down 7.53% over 24h—is this a rebound or a reversal? Have you thought it through?
③ Where's your exit plan? Have you figured that out?
Think through all three before deciding. If you can't answer them, it's better to let this one pass.
The selling pressure near the previous high above is the first hurdle ahead.
