📉 $ON /USDT — Bearish Pullback After Exhaustion

ONBSC
ONUSDT
0.19586
+35.96%

After a strong rally, ON is now showing signs of weakness near the top — momentum is fading ⚠️

💡 What’s happening?

• Sharp rejection from 0.194 high → clear distribution

• Lower highs forming → early bearish structure ❌

• Price slipping below short-term MAs → sellers gaining control

• Volume decreasing → weak bounce attempts

📊 Key Levels to Watch:

• Resistance: 0.155 – 0.165 zone

• Support: 0.140 – 0.135 zone

⚡ Outlook:

Short-term bias is bearish unless price reclaims resistance. More downside likely if support breaks 📉

🎯 TP & SL (Short Idea):

• TP1: 0.140

• TP2: 0.130

• SL: 0.165

🔥 Looks like a classic post-pump cooldown — patience is key here.

$ON

#ON #CryptoTrading #binanceWrite2Earn #USMilitaryToBlockadeStraitOfHormuz #CryptoMarketRebounds