$ON — Major Dip Into Key Support, Bounce Setup in Play!
Long $ON
• Entry: 0.1020 – 0.1060
• Stop Loss: 0.0990
Targets:
• TP1: 0.1120
• TP2: 0.1200
• TP3: 0.1280
ONUSDT has experienced a sharp correction after its strong rally toward the $0.20 zone. Price is now approaching a critical demand and psychological support around $0.10, where buyers previously stepped in. This type of deep pullback often acts as a liquidity sweep before a potential relief bounce.
The decline has cooled off momentum indicators and reduced short-term overbought pressure, creating a possible high-probability rebound area if buyers defend this support. A reclaim of the $0.112 resistance zone could confirm the start of the next recovery leg.
The bullish scenario remains valid as long as $0.10 support holds. Manage risk carefully and watch for increasing volume during the bounce for confirmation.
Trade $ON here 👇🏻
