$ON is trying to stabilize after the rejection from 0.1940, and I’m watching for a relief-bounce long if buyers can hold the current support zone.
Entry: 0.1440 - 0.1465
Stop loss: 0.1395
Targets:
0.1525
0.1610
0.1740
Short-term momentum is still weak after the pullback from the local high, but price is starting to react from support and buyers are trying to rebuild strength around this area.
If this range holds, ON could see a short-term recovery move back toward the recent resistance levels.