$ON โ ๏ธ ON in a Bearish Market? Downside Momentum Active ๐ป
ON is currently trading in a clear bearish market structure, signaling that sellers remain in control and downside pressure is dominating. Price action is printing lower highs and lower lows, with every rally being sold into, indicating distribution rather than accumulation. ๐โก
๐ฅ Sellers have the edge.
Weak bounces and consistent rejection from resistance zones show that buyers are struggling to regain control, while momentum favors further downside.
๐ Confirmation signals:
Sustained trading below key support levels
Increasing sell volume on drops
Failure to reclaim previous highs
As long as ON respects this structure and resistance remains intact, bearish pressure remains dominant. โก๐งฑ
๐ Trader strategy & risk management:
Defensive traders avoid long exposure
Breakdown traders wait for confirmed support loss
Stop-losses are typically placed above recent lower highs
Downside targets are often projected using previous demand zones or the height of prior bearish impulses, creating a structured risk-to-reward framework for short positioning. ๐ฏ๐
๐ช๏ธ Market context amplifies moves.
If sentiment remains weak or capital rotates into stronger assets, bearish continuation can accelerate quickly. Patterns in a bearish market often resolve faster than expected when sellers remain aggressive. ๐ป๐ฅ
โ ๏ธ Bottom line:
ONโs structure favors sellers while the bearish trend remains intact. This doesnโt guarantee an immediate drop, but probabilities tilt toward further downside unless bulls reclaim key resistance decisively.
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Structure favors sellers โ ONโs bearish market signals caution and potential further downside. โ ๏ธ๐๐ฅ
