🔥 $ON just did +224%. I'm not longing this. Here's why.
Went from $0.08 to $0.26 in less than a week. 481M USDT volume. Insane move.
But look at those 4H candles after the top. Three red rejections. That's distribution, not consolidation.
My read? Smart money is exiting into retail FOMO right now.
I'm staying short-biased:
🔴 Bounce sells: $0.19–$0.21
🚨 SL: $0.235
Only long if:
$0.13 holds with strong volume confirmation
TP: $0.19 → $0.24
Chasing pumps like this is how accounts get rekt. I've been there. 😅
Your move, long or short? 👇