$ON is showing early recovery strength after a deep pullback, currently stabilizing above the 0.11 demand zone and attempting to build momentum from a recent sharp rebound in buying pressure.
Price action suggests accumulation, as buyers are gradually absorbing sell pressure and holding structure above key support, which increases the probability of a continuation move if 0.124 breaks with volume.
If momentum sustains, a breakout toward higher liquidity levels can follow.
Entry Zone: 0.115 – 0.121
Stop Loss: 0.107
Targets:
TP1: 0.128
TP2: 0.136
TP3: 0.145
ON
Alpha
0.13451
-7.93%