Pair: $ON

Current Price: ~$0.06973

24h Change: +1.54% | Range: 9.29% (high $0.07262 / low $0.06624)

Trend / Setup: Bearish rejection from highs. Price pumped to $0.07916 earlier but has since dropped -11.08% from that peak. Currently trading well below all major MAs (MA7 $0.08319, MA25 $0.09686, MA99 $0.09285), indicating strong bearish structure. Volume is high. Funding is slightly positive (+0.005%), favoring shorts. Looking for a short on a retest of resistance.

🔸 Entry Zone: $0.07150 - $0.07250 (on a bounce / retest of broken support turned resistance)

🔸 Stop Loss: $0.07400 (above the 24h high and recent rejection zone)

Targets:

🔸 TP1: $0.06850 (near current support)

🔸 TP2: $0.06650 (24h low area)

🔸 TP3: $0.06400 (extension if breakdown continues)

Alternative Long Setup (higher risk): Only if price reclaims and holds above $0.07250 with volume, then a long scalp toward $0.07500. SL below $0.07000.

Key Insight: The -11.08% drop from the peak ($0.07916) shows strong selling pressure. All MAs are descending and far above price. Shorts have the upper hand unless price breaks back above $0.07250.

DYOR | Not financial advice.