$ON (Orochi Network) | What Now After The Pump?
$ON just ran from ~0.13 to a high near 0.41, then pulled back about 30% in a week. It is now trading around 0.25.
What I see:
- Resistance: 0.25-0.26, then 0.30, then 0.41
- Support: 0.22, then 0.176 (key level)
- Base case: choppy range between 0.176 and 0.25
- Spot volume is tiny compared to futures, so moves can be violent
My plan: no chasing. I wait for a clean reclaim of 0.26, or a bounce near 0.22 / 0.176 with confirmation. If 0.176 breaks, the bullish setup is invalid.
Warning: low-cap and highly volatile. Use a small size and always set a stop loss.
Not financial advice. DYOR.
#ON #OrochiNetwork #ONUSDT #Binance #altcoins
$ON just ran from ~0.13 to a high near 0.41, then pulled back about 30% in a week. It is now trading around 0.25.
What I see:
- Resistance: 0.25-0.26, then 0.30, then 0.41
- Support: 0.22, then 0.176 (key level)
- Base case: choppy range between 0.176 and 0.25
- Spot volume is tiny compared to futures, so moves can be violent
My plan: no chasing. I wait for a clean reclaim of 0.26, or a bounce near 0.22 / 0.176 with confirmation. If 0.176 breaks, the bullish setup is invalid.
Warning: low-cap and highly volatile. Use a small size and always set a stop loss.
Not financial advice. DYOR.
#ON #OrochiNetwork #ONUSDT #Binance #altcoins
