ON is primed for a short with a confidence level of 94%, targeting a 1:1.7 risk-to-reward ratio. The current market structure has broken down, presenting a lucrative opportunity for traders.

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🔴 $ON SHORT 📉
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📍 Entry Range: $0.244885 – $0.245375
🛑 Stop Loss: $0.252484 (-3.0%)
🎯 TP1: $0.241453 (+1.5%)
🏆 TP2: $0.232873 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 94%
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This setup is compelling due to the convergence of key signals, including a market structure break, volume confirming direction, and the presence of a fair value gap, all of which are intersecting with an order block and liquidity sweep. The CHoCH signal has fired, indicating a significant shift in market dynamics. Overall, the structure suggests a strong potential for a downward move.

With a 3.0% stop loss in place, which is relatively tight, traders may consider using lower leverage to manage risk effectively.

Taking partial profit at the first target point could be a wise strategy to lock in some gains before the market potentially consolidates or reverses.

Not financial advice — always manage your own risk 🙏

$ON #ONUSDT #SMC #TradingSignals #Write2Earn