$ON / USDT
Timeframes: 1H / 4H
Directional Bias: SHORT
Market Structure:
Price is printing a classic dead-cat bounce, pushing into resistance after a prior breakdown — likely a liquidity sweep rather than a true reversal.
Short Entry Zone:$ON
0.1100 – 0.1180
Downside Targets:
TP1: 0.0950
TP2: 0.0800
Invalidation:
A confirmed close above 0.1250 invalidates the short thesis.
Leverage:
5x–12x, strictly a momentum rejection setup.
Market Read:
The recent upside move shows no structural shift and lacks follow-through. Price is reacting into overhead supply from the previous breakdown area.
As long as 0.1180–0.1250 continues to cap price, continuation toward 0.0950 liquidity remains the higher-probability path.
Acceptance above 0.1250 cancels the bearish scenario.$ON
Execution Plan:
Sell strength. Manage risk.
#ONUSDT Perpetual
Current Price: 0.11249
Move: +34.78%
#TrumpCanadaTariffsOverturned