$ON REJECTION AT RESISTANCE — SHORT BIAS TAKING CONTROL 🎯
Entry: 0.1215 – 0.1225 🔥
Target: 0.1091 🚀
Stop Loss: 0.1285 ⚠️
$ON surged sharply but is now failing to hold above the breakout zone. The rejection near the 0.1240 level shows buyers are struggling to maintain momentum. On the 4H chart, volume is declining on the recent up-closes — a classic divergence that often precedes a liquidity grab to the downside.
If 0.1215 breaks cleanly, the path to 0.1091 opens up with stacked targets along the way. The structure is clean, the risk defined. Do you see sellers taking control here, or does
$ON still have one more leg up?
Not financial advice. Always manage your risk.
#ON #ShortSetup #Bearish #TechnicalAnalysis #Crypto 🎯