$ON USDT$ is currently showing a weak structure on the 5-minute timeframe, with price consistently printing lower highs and struggling to reclaim key resistance zones. After a sharp sell-off, the market attempted a minor recovery but failed to sustain bullish momentum, indicating sellers are still in control. Volume spikes during drops further confirm bearish pressure, while recent candles show slow grinding downside—hinting at continuation unless a strong reversal appears.

The overall trend remains bearish, and any short-term bounce could be a potential trap before another leg down. Traders should stay cautious and focus on key levels rather than chasing impulsive moves.

Details:

• Resistance holding near 0.100 – 0.102 zone

• Support sitting around 0.090 – 0.092 area

• Bearish continuation likely below support

Trade Setup:

• Entry: 0.098 – 0.100 (Short)

• Target: 0.094 / 0.091

• Stop Loss: 0.103

ONUSDT

Perp

0.10314

+7.52%