$ON — LONG
Trade Plan:
Entry Zone: 0.13500 – 0.14200
Stop Loss: 0.12500
Take Profit 1: 0.15500
Take Profit 2: 0.17000
Take Profit 3: 0.19000
Why this setup?
Higher Low Formation: Following the initial impulse move, $ON has established a solid base above the 0.135 level. This indicates strong accumulation and a refusal to give back gains.
Volume Analysis: 24h volume for ($ON)has surged to 72.70M units. High volume consolidation after a pump usually precedes a secondary breakout, as selling pressure is neutralized.
1H Market Structure: The 1H chart shows a series of bullish candles with long lower wicks, confirming that dips into the 0.135–0.138 zone are being aggressively bought by insiders.
RSI & Momentum: Despite the +22% move, the RSI hasn't hit overbought territory on the higher timeframes yet, suggesting there is plenty of "fuel" left for a run toward the 0.190 target.
Debate:
Will $ON clear the 0.145 resistance on the next candle, or do we see one more liquidity sweep before the moon mission?
Click here to Trade 👇
