🚨 ON is up over 21% today... but where are the whales? 🐋
At first glance, this rally looks impressive. But digging into the data tells a different story.
📈 Price: $0.424 📊 24H Change: +21.32% 💰 Funding: +0.0899% ⚖️ Long/Short: 29% / 71%
Right now, this move looks driven more by leveraged traders than by smart-money accumulation.
There are no clear signs of large whale buying or sustained spot inflows. Instead, positive funding and a short-heavy market suggest a squeeze is fueling the rally.
My approach: ✅ Buy pullbacks instead of chasing green candles. 👀 Watch the $0.410 support and $0.450 resistance.
⚠️ If funding keeps rising while price slows, the momentum could fade quickly.
Momentum is strong, but without whale confirmation, risk increases the higher price climbs.
Stay patient. Let the market come to you, not the other way around.
#ON #ONUSDT
At first glance, this rally looks impressive. But digging into the data tells a different story.
📈 Price: $0.424 📊 24H Change: +21.32% 💰 Funding: +0.0899% ⚖️ Long/Short: 29% / 71%
Right now, this move looks driven more by leveraged traders than by smart-money accumulation.
There are no clear signs of large whale buying or sustained spot inflows. Instead, positive funding and a short-heavy market suggest a squeeze is fueling the rally.
My approach: ✅ Buy pullbacks instead of chasing green candles. 👀 Watch the $0.410 support and $0.450 resistance.
⚠️ If funding keeps rising while price slows, the momentum could fade quickly.
Momentum is strong, but without whale confirmation, risk increases the higher price climbs.
Stay patient. Let the market come to you, not the other way around.
#ON #ONUSDT