ON/USDT (4H) Trade Plan.


$ON #SummerCreationCamp
Current Price: 0.15823 USDT
Market Bias: Bullish (Strong momentum, but approaching overbought conditions)
Technical Analysis
Price is trading well above the MA5, MA10, MA30, EMA5, EMA10, and EMA30, confirming a strong bullish trend.
MACD remains bullish with rising histogram bars, showing buyers are still in control.
KDJ is above 80, indicating the market is overbought. While the trend is strong, a short-term pullback is possible before another leg higher.
The recent high at 0.16333 is the immediate breakout level to watch.
Key Levels
Resistance
R1: 0.1633
R2: 0.1700
R3: 0.1800
R4: 0.1950
Support
S1: 0.1480
S2: 0.1420
S3: 0.1300
Preferred Strategy: Long
Entry
Aggressive: 0.1560–0.1590
Conservative: Buy on a pullback to 0.1450–0.1480, or after a confirmed breakout above 0.1633 with strong volume.
Stop Loss
0.1410
Take Profit
TP1: 0.1633
TP2: 0.1700
TP3: 0.1800
TP4: 0.1950
$150 Position Plan
Buy $75 at the current price.
Keep $75 to add near 0.1450–0.1480 if the market retraces.
Take partial profits:
30% at TP1
30% at TP2
20% at TP3
Hold the remaining 20% for TP4 with a trailing stop.
Move the stop loss to your entry price after TP1 is reached.
Risk Assessment
ON/USDT has gained nearly 48% in 24 hours, so chasing the rally carries increased risk. The overall trend remains bullish, but the best risk-to-reward setup is either a healthy pullback into the 0.1450–0.1480 support zone or a high-volume breakout above 0.1633. A break below 0.1410 would weaken the current bullish structure and increase the likelihood of a deeper correction.
ON-3.23%
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