$ON – Short Setup at Resistance (Low Volume, Max 5x)

Entry: 0.214 – 0.28

Stop Loss: 0.35

Take Profit Targets

TP1: 0.190

TP2: 0.165

TP3:0.140

Analysis:

The recent bounce has extended into a key resistance zone but is starting to lose momentum. Buyers attempted to push higher, yet follow-through is weakening and price structure is turning choppy. Instead of continuing upward, the move is stalling, indicating that momentum is cooling off. In situations like this, sellers often step in, making it a clean short setup.

Trade Plan:

Consider entering short within the 0.214–0.28 zone, keeping position size conservative due to low volume. Target pullbacks to the defined TP levels while maintaining the stop at 0.35 in case of a breakout above resistance.

Trade $ON here 👇

ONUSDT

Perp

0.16617

+39.55%