🚨 $ON SHOWS BEARISH CONTINUATION AS SELLERS DEFEND THE EMA BLOCK 📉
Entry: 0.1627 ⚡
Target: 0.121432 🚀
Stop Loss: 0.176456 ⚠️
Price action on $ON remains firmly compressed below the 200 EMA with a bearish stack across the 20 and 50 periods. Volume is expanding at 1.32x the baseline average, confirming aggressive seller participation during this structural pullback. 📊
Momentum indicators reinforce the downside bias as RSI hovers near 39 and the MACD histogram prints deep in negative territory. With trend strength registering on the lower side, this distribution phase points toward a clean continuation toward lower liquidity pools. 💡
Are you positioning for this continuation or waiting for a retest of higher resistance? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ON #ShortSetup #Bearish #OrderFlow #Crypto
📉 🦈
Entry: 0.1627 ⚡
Target: 0.121432 🚀
Stop Loss: 0.176456 ⚠️
Price action on $ON remains firmly compressed below the 200 EMA with a bearish stack across the 20 and 50 periods. Volume is expanding at 1.32x the baseline average, confirming aggressive seller participation during this structural pullback. 📊
Momentum indicators reinforce the downside bias as RSI hovers near 39 and the MACD histogram prints deep in negative territory. With trend strength registering on the lower side, this distribution phase points toward a clean continuation toward lower liquidity pools. 💡
Are you positioning for this continuation or waiting for a retest of higher resistance? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ON #ShortSetup #Bearish #OrderFlow #Crypto
📉 🦈
