$ON has surged over 23% recently but is showing signs of short-term exhaustion near 0.160 – 0.162. Price is retracing from highs, and sellers are stepping in, creating a strong opportunity for a controlled short trade as momentum shifts temporarily in favor of the bears.
Short Trade Setup:
Entry Zone: 0.1560 – 0.1570
Take Profit 1: 0.1500
Take Profit 2: 0.1450
Take Profit 3: 0.1400
Stop Loss (SL): 0.1600
Buy now and trade here on $ON
ONUSDT
Perp
0.10297
+0.72%