Looking at this 4-hour chart, $ON is experiencing a sharp pullback following its recent parabolic surge and rejection at upper resistance. Market structure indicates selling pressure stepping in as price corrects toward local support levels.
Here is the structured short trading setup based on this expected move, complete with risk management levels:
Entry Zone: 0.1650 - 0.1750
Stop Loss: 0.2079
TP 1: 0.1488 🎯
TP 2: 0.1123 🎯
TP 3: 0.0937 🎯
Always keep your leverage in check and manage your risk properly when trading volatile altcoin setups. Watch how price reacts as it moves toward those lower targets.
$EVAA
$XAN
Here is the structured short trading setup based on this expected move, complete with risk management levels:
Entry Zone: 0.1650 - 0.1750
Stop Loss: 0.2079
TP 1: 0.1488 🎯
TP 2: 0.1123 🎯
TP 3: 0.0937 🎯
Always keep your leverage in check and manage your risk properly when trading volatile altcoin setups. Watch how price reacts as it moves toward those lower targets.
$EVAA
$XAN
