🚨 THIS LOOKS LIKE A CLASSIC DISTRIBUTION…

🐻 $ON USDT MORE DOWNSIDE COMING? 📉

ONBSC
ONUSDT
0.11753
-3.60%

⚠️ $ON USDT — LOWER HIGHS, SELLERS IN CONTROL 📊

After a strong rally to 0.215, price is now forming consistent lower highs and lower lows — clear bearish structure ⚠️

Buyers tried to hold, but momentum is fading fast…

💡 What’s happening?

• Rejection from higher levels → distribution phase 📉

• Price below MA(25) → trend weakness

• Continuous selling pressure with weak bounces

📊 Current View:

Trend is bearish, and rallies are likely to get sold into 🔥

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🐻 Trade Setup (Trend Continuation Short):

Entry: 0.139 – 0.143

🎯 Take Profit:

• TP1: 0.134

• TP2: 0.128

• TP3: 0.120

🛑 Stop Loss:

• 0.148

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⚡ Why this works?

• Clear downtrend structure ✔️

• Weak bullish attempts (no strength) ❌

• Selling pressure still dominant 📉