$ON – Bounce pushing into resistance, looks like a clean fade setup here
Trading Plan Short $ON ( max 5x , volume LOW )
Entry: 0.214 – 0.226
SL: 0.35
TP: 0.190
TP: 0.165
TP: 0.140
The bounce managed to extend higher but the move is starting to lose strength around this zone. Buyers tried to keep pushing, though the follow-through is fading and the structure is turning more choppy. Instead of continuation higher, price is beginning to stall into resistance, and when momentum cools off like this it often leads to a pullback as sellers step back in.
Trade $ON here 👇