ON is poised for a significant downturn, with the current market structure screaming for a reversal. The writing's on the wall, and the bears are ready to take control.
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🔴 $ON SHORT 📉
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📍 Entry Range: $0.360619 – $0.361341
🛑 Stop Loss: $0.371809 (-3.0%)
🎯 TP1: $0.355565 (+1.5%)
🏆 TP2: $0.342931 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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This setup looks incredibly promising, with the CHoCH signal confirming a market structure break, while the CVD, FVG, and OB all align to suggest a strong downtrend. The presence of a liquidity sweep and POI confluence only adds to the conviction, making this a high-probability trade. The overall structure indicates a clear path to the downside, with multiple confirmations from different indicators.
With a 3.0% stop loss in place, which feels moderately tight given the current volatility, a leverage of 2-3x should fit comfortably to maximize returns without overexposing the position.
Taking partial profits at the first target, TP1, would be a prudent move, allowing us to lock in some gains while still giving the trade room to breathe and potentially reach the full target.
Not financial advice — always manage your own risk 🙏
$ON #ONUSDT #SMC #TradingSignals #Write2Earn
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🔴 $ON SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.360619 – $0.361341
🛑 Stop Loss: $0.371809 (-3.0%)
🎯 TP1: $0.355565 (+1.5%)
🏆 TP2: $0.342931 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
━━━━━━━━━━━━━━━━━━━━━
This setup looks incredibly promising, with the CHoCH signal confirming a market structure break, while the CVD, FVG, and OB all align to suggest a strong downtrend. The presence of a liquidity sweep and POI confluence only adds to the conviction, making this a high-probability trade. The overall structure indicates a clear path to the downside, with multiple confirmations from different indicators.
With a 3.0% stop loss in place, which feels moderately tight given the current volatility, a leverage of 2-3x should fit comfortably to maximize returns without overexposing the position.
Taking partial profits at the first target, TP1, would be a prudent move, allowing us to lock in some gains while still giving the trade room to breathe and potentially reach the full target.
Not financial advice — always manage your own risk 🙏
$ON #ONUSDT #SMC #TradingSignals #Write2Earn