$ON Heavy long liquidation at $0.0965 confirms a major flush of bullish positions at a local top. Price trading below this level shows clear rejection, turning it into a strong resistance zone. Structure is forming lower highs, signaling continuation pressure to the downside.
EP: $0.09350 - $0.09600
TP: $0.08900
TP: $0.08550
TP: $0.08200
SL: $0.09880
Trend is bearish with sustained rejection from the liquidation level, showing sellers are defending that zone. Momentum remains to the downside with weak recovery attempts and no strong reclaim. The liquidity taken above $0.0965 increases the probability of price moving lower toward untested demand zones.
ONUSDT
Perp
0.10283
-33.07%
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