$ON — Momentum Breakout | Bulls in Control
Trade Plan (Long Setup):
• Entry: 0.138 – 0.141
• Stop Loss: 0.130
• Take Profit:
→ TP1: 0.148
→ TP2: 0.155
$ON is showing a clean trend reversal after a strong impulsive move off the 0.11 demand zone, where buyers stepped in aggressively. The breakout structure is supported by rising momentum and consistent higher lows, confirming a shift in market control toward the bulls.
Price is now holding above previous resistance, flipping it into support — a classic sign of trend continuation strength. As long as ON sustains above the 0.135 zone, the structure remains firmly bullish.
The next key trigger lies at 0.145. A confirmed breakout above this level can unlock further upside expansion, fueled by momentum and breakout traders entering the market.
🔍 Market Structure Insight:
• Strong breakout → bullish momentum confirmed
• Higher lows → sustained buying pressure
• Resistance flip → support validation
• Continuation setup forming above key levels
Trade $ON here
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