$ON /USDT TECHNICAL ANALYSIS – BULLISH CONTINUATION SETUP
The chart structure on the 4H timeframe shows a strong bullish momentum following a sharp breakout from the consolidation zone. Price has successfully formed higher highs and higher lows, confirming an active uptrend. The recent pullback appears healthy, holding above key support, indicating accumulation rather than reversal.
The moving averages are aligned bullishly, with price sustaining above short-term EMA support. Additionally, the previous resistance zone has flipped into support, strengthening the continuation bias. Volume expansion during the breakout phase further validates buyer dominance.
LONG SETUP
Entry: 0.08950 – 0.09050 zone
Target 1: 0.09380
Target 2: 0.09720
Target 3: 0.10100
Stop Loss: 0.08680
Market structure favors buyers as long as price holds above the support zone. Any retest with bullish confirmation can provide a strong continuation entry.
RISK MANAGEMENT
Risk only 1–2% of total capital per trade. Avoid chasing entries; wait for confirmation. Always maintain proper risk-to-reward ratio and adjust stop loss to breakeven after first target is achieved.
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