$ON Defending Key Support — Quick Scalp Setup 📈
Positioning for a long trade as $ON stabilizes at a crucial support floor.
Bulls are actively stepping in to protect this price territory, and lower-timeframe momentum is beginning to level out. This creates a solid risk-to-reward setup for a quick scalp toward the upper resistance targets. A strong bounce off this floor should spark a sharp upside move, and as long as our invalidation level holds, the bullish thesis remains firmly intact.
The Trade Setup:
Position: Long $ON
Entry Range: $0.082 – $0.087
Stop Loss (SL): $0.075 (Exit if broken)
Take-Profit (TP) Targets:
🎯 TP1: $0.092
🎯 TP2: $0.100
🎯 TP3: $0.108
Trading Note: Scalp setups require quick execution and disciplined risk management. Protect your capital!
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