$ON — A CRITICAL MOMENT FOR BUYERS! 👀
The latest liquidation activity shows that leveraged longs are facing pressure. I'm interested in seeing whether ON can absorb this selling or whether the market is preparing for another downside test.
🔴 Long Liquidation: $1.103K at $0.18551
The $0.18551 area is an important reference for the next move. A successful recovery could bring buyers back into the picture, while continued weakness may expose lower price levels.
📊 Key Levels (Estimated):
Support S1: $0.1835
Support S2: $0.1800
Resistance R1: $0.1885
Resistance R2: $0.1920
🎯 Trading Setup:
EP: $0.1850–$0.1860
TP: $0.1890 / $0.1920 / $0.1960
SL: $0.1825
My focus is on a confirmed higher low and a reclaim of nearby resistance. I won't rush into a position while sellers remain active.
Let the chart confirm the recovery first.
#TradFiForBeginners #KeplrAdvisesSocialLoginUsersToTransferAssets #BinanceReopensWithdrawalsForHYPE&APT #AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses
The latest liquidation activity shows that leveraged longs are facing pressure. I'm interested in seeing whether ON can absorb this selling or whether the market is preparing for another downside test.
🔴 Long Liquidation: $1.103K at $0.18551
The $0.18551 area is an important reference for the next move. A successful recovery could bring buyers back into the picture, while continued weakness may expose lower price levels.
📊 Key Levels (Estimated):
Support S1: $0.1835
Support S2: $0.1800
Resistance R1: $0.1885
Resistance R2: $0.1920
🎯 Trading Setup:
EP: $0.1850–$0.1860
TP: $0.1890 / $0.1920 / $0.1960
SL: $0.1825
My focus is on a confirmed higher low and a reclaim of nearby resistance. I won't rush into a position while sellers remain active.
Let the chart confirm the recovery first.
#TradFiForBeginners #KeplrAdvisesSocialLoginUsersToTransferAssets #BinanceReopensWithdrawalsForHYPE&APT #AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses