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🚨 $ON REJECTION ZONE ACTIVE 🚨
$ON delivered a strong recovery from 0.1302, but momentum is now running directly into heavy resistance between 0.1750 and 0.1823.
Bulls failed to maintain control above 0.1823, and early signs of seller pressure are starting to appear as momentum slows after the aggressive rebound.
Trade Setup (Short) 📉
🔹 Entry: 0.1750 – 0.1760
🔹 Stop Loss: 0.1830
🎯 Targets:
• TP1: 0.1650
• TP2: 0.1550
• TP3: 0.1400
If this rejection continues, the market could rotate back toward the major support region around 0.1550–0.1400.
However, if buyers absorb the selling pressure and reclaim the 0.1823 zone with strength, the structure could quickly shift bullish again toward the 0.20+ area.
Right now this level is becoming the key battlefield for short-term direction. 📊
$ON #GateSquareMayTradingShare