#BinancePick #ONUSDT — 86% in 24 Hours. Here's the Mechanics.
$ON ran from 0.1769 to a 0.3100 high on 09 Nov, a 75% intra-session range, and now trades at 0.2949 (+63.24% on the day, +151.35% over 30 days).
1h RSI is 85.9 — stretched. Price sits well above the 1h MA7 (0.2217) and outside the upper Bollinger band (0.2545). The 1h ATR of ~0 a 7% hourly swing is normal here.
Top-trader long ratio is just 46.70% while open interest rose 3.60% in the last.1052% and rising — longs are paying to hold.
Structure to watch: 0.3100 above; 0.2720 then 0.2366–0.2612 below.
At 10x, estimated liquidation is roughly 0.2698 long and 0.3200 short, before fees and funding.
Overbought. Crowded funding. Unresolved direction. Define your risk first.
Not financial advice. #ON
$ON ran from 0.1769 to a 0.3100 high on 09 Nov, a 75% intra-session range, and now trades at 0.2949 (+63.24% on the day, +151.35% over 30 days).
1h RSI is 85.9 — stretched. Price sits well above the 1h MA7 (0.2217) and outside the upper Bollinger band (0.2545). The 1h ATR of ~0 a 7% hourly swing is normal here.
Top-trader long ratio is just 46.70% while open interest rose 3.60% in the last.1052% and rising — longs are paying to hold.
Structure to watch: 0.3100 above; 0.2720 then 0.2366–0.2612 below.
At 10x, estimated liquidation is roughly 0.2698 long and 0.3200 short, before fees and funding.
Overbought. Crowded funding. Unresolved direction. Define your risk first.
Not financial advice. #ON
