๐ฅ Strong bearish continuation โ sellers still dominating the chart ๐ฅ
๐ Bearish Outlook
$ON remains under heavy selling pressure after a sharp breakdown, trading well below key EMAs with no meaningful bullish reaction, signaling continuation toward lower liquidity zones.
๐ด $ON SHORT SETUP ๐ด
๐ Entry Zone: 0.0820 โ 0.0830
๐ Stop Loss: 0.0868
๐ฏ Take Profit 1: 0.0800
๐ฏ Take Profit 2: 0.0778
โ Why take this trade?
Price is clearly respecting a bearish structure on the 4H timeframe, staying below EMA(7), EMA(25), and EMA(99) with strong impulsive red candles and only shallow consolidation, indicating sellers remain in control and downside continuation is likely as long as price holds below the EMAs.
๐๐๐ Click below and SHORT now ๐๐๐
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