$ON Trading Plan (Long)🔥💯
Entry: $0.2450 & $0.2520
SL: $0.2280
TP1: $0.2750
TP2: $0.3050
TP3: $0.3380
Price is pulling back after a strong impulsive rally, while buyers continue defending the $0.2450–$0.2520 demand zone. Despite the recent volatility, the broader structure remains constructive as long as price holds above the latest support base.
The sharp rejection from the recent highs appears to be a healthy correction rather than a complete trend reversal. If buyers reclaim the $0.2750 resistance with increasing momentum, it could trigger another bullish expansion toward the listed targets.
Rather than chasing strength, the better opportunity is to enter on controlled pullbacks within the entry zone while the higher-low structure remains intact.
If $ON loses $0.2280 and starts holding below the recent support base, the long setup is invalidated.#DowRisesOver500Points
Entry: $0.2450 & $0.2520
SL: $0.2280
TP1: $0.2750
TP2: $0.3050
TP3: $0.3380
Price is pulling back after a strong impulsive rally, while buyers continue defending the $0.2450–$0.2520 demand zone. Despite the recent volatility, the broader structure remains constructive as long as price holds above the latest support base.
The sharp rejection from the recent highs appears to be a healthy correction rather than a complete trend reversal. If buyers reclaim the $0.2750 resistance with increasing momentum, it could trigger another bullish expansion toward the listed targets.
Rather than chasing strength, the better opportunity is to enter on controlled pullbacks within the entry zone while the higher-low structure remains intact.
If $ON loses $0.2280 and starts holding below the recent support base, the long setup is invalidated.#DowRisesOver500Points