💎 VIP SIGNAL: $ON /USDT (Short 🔴)
Strategy: Sell the Resistance (Trend Continuation)
Entry Zone: 0.16000 – 0.17200 (Limit Orders)
Target 1 (TP1): 0.14600 (Secure 50% Profit)
Target 2 (TP2): 0.12850 (Major Support Level)
Stop Loss (SL): 0.18200 (Strict Close)
📊 WHY IS THIS A HIGH-PROBABILITY TRADE?
Macro Rejection: $ON /USDT hit a massive local peak of $0.25998 and is now printing lower highs on the 1H timeframe.
BTC Correlation: With Bitcoin under pressure at $66,122, high-growth altcoins like $ON often face the heaviest sell-offs as traders rotate to stablecoins.
Moving Average Breakdown: The price is struggling to stay above the 1H MA(25). Once that flips to hard resistance, the slide to $0.12 is wide open.
Are you HODLing through this dip or catching the Short? Let me know in the comments! 👇
#write2earn🌐💹 #ONUSDT #TradingSignals #TechnicalAnalysis #Altcoins