$ONE -3.4% Dump: Sellers Take Control, Downside Levels in Focus
$ONE is showing bearish pressure on the 1h, with the latest -3.4% move and declining open interest suggesting continuation rather than a completed flush.
My 1h bias remains bearish, with 0.003387 as the first downside target, followed by 0.002855. If that demand zone breaks, 0.002096 becomes the next area to watch.
This is still a counter-trend short against bullish daily, weekly, and BTC structure, so confirmation is essential.
Preferred short setup:
Entry zone: 0.003880–0.003900
Liquidity sweep: 0.003788
Confirmation: Lower-timeframe bearish shift or bearish engulfing
TP1: 0.003387
TP2: 0.002855
Extended target: 0.002096
Invalidation: 1h close above 0.004678
I do not want to chase the dump. The ideal setup is a bounce into 0.003880–0.003900, followed by rejection and a failed reclaim of 0.003900.
Flow remains cautious:
OI: $13.5M (-2.8% 24h)
Funding: -0.0049%
Taker ratio: 0.90x
A clean reclaim above 0.004678 would invalidate the bearish 1h thesis and shift the short-term bias bullish.
Not investment advice. Educational report only.
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