🚨 $ON (Orochi Network) is showing serious momentum
$ON is trading around $0.417, up nearly 40%, after a strong breakout from the $0.22-$0.30 area.
The daily chart is bullish, but after such a sharp move, chasing the green candles can be risky.
📊 My trading plan:
• Resistance: $0.45 → $0.47
• Breakout target: $0.50 → $0.55
• First support: $0.387
• Major support: $0.30-$0.31
• Strong demand zone: $0.22-$0.24
Bullish setup: If $ON breaks and holds above $0.45-$0.47 with strong volume, continuation toward $0.50+ becomes more likely.
Pullback setup: If price gets rejected, I’d rather watch $0.38-$0.39 or $0.30-$0.31 for a safer entry instead of chasing.
⚠️ Risk management matters. After a +40% move, volatility can be extreme. Wait for confirmation and use a clear invalidation level.
Not financial advice. Trade your own plan.
$ON is trading around $0.417, up nearly 40%, after a strong breakout from the $0.22-$0.30 area.
The daily chart is bullish, but after such a sharp move, chasing the green candles can be risky.
📊 My trading plan:
• Resistance: $0.45 → $0.47
• Breakout target: $0.50 → $0.55
• First support: $0.387
• Major support: $0.30-$0.31
• Strong demand zone: $0.22-$0.24
Bullish setup: If $ON breaks and holds above $0.45-$0.47 with strong volume, continuation toward $0.50+ becomes more likely.
Pullback setup: If price gets rejected, I’d rather watch $0.38-$0.39 or $0.30-$0.31 for a safer entry instead of chasing.
⚠️ Risk management matters. After a +40% move, volatility can be extreme. Wait for confirmation and use a clear invalidation level.
Not financial advice. Trade your own plan.