$ON is preparing to go short, and along the way, keep an eye on $NIGHT ’s short direction.

The current ONUSDT trend is a bit like a sinking ship. Riding this downward momentum, I think it may test the daily low. For entry, watch around 0.1157 to 0.1186. The first downside target is 0.10852; if it continues lower, it could reach 0.10162. Set the defensive level at 0.12453.

But be sure to pay attention to the risks. Right now, the 1-hour RSI is already severely oversold, and a violent mean-reversion bounce could happen at any moment. Don’t chase too much, and don’t go all-in—just trade with a position size that suits your account.