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CryptoSat

๐Ÿ’ฐ $ON โ€“ Momentum Spike, Short Setup Loading โš ๏ธ


๐Ÿ”ป SHORT
โœณ๏ธ ENTRY : 0.1530 - 0.1580 - 0.1610
๐ŸŽฏ TARGETS: 0.14920, 0.14350, 0.1380, 0.1320, 0.12250, 0.1100
๐Ÿ€„๏ธ LEVERAGE: 20x
๐Ÿ”ด STOPLOSS: 0.1640
Clean impulsive move after consolidation, but now entering overheated zone
RSI pushing above 80 โ†’ buyers getting exhausted, while price approaching previous rejection area
MACD expansion shows momentum, but such vertical moves often lead to quick liquidity grabs before correction
If price fails to hold above 0.15 region, expect a sharp retracement toward 0.12 - 0.11 zone ๐Ÿ“‰
ON-1.98%
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YieldSpring
ยท 04-23 16:35
Your targets all the way up to 0.11 are quite aggressive; it depends on the overall market sentiment and on-chain news, not just technical indicators.
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GasFeeGrump
ยท 04-22 00:15
Short positions are okay, but Iโ€™ll reduce the leverage to 5โ€“10x to avoid getting wiped out by a single spike.
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HotAirBalloonViewingSchedule
ยท 04-21 20:04
Stop loss at 0.1640. If it gets hit, don't hold on stubbornly; wait and observe for the second structure before making a move.
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ShortPositionsAtTheElevator
ยท 04-21 05:04
Waiting for a false breakout near 0.161 to open a position again is more comfortable; chasing a short position directly can easily get squeezed into liquidity.
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MevBreakRoom
ยท 04-21 04:52
If the 0.15 key level is broken and not recovered, 0.1435/0.138 should happen quickly.
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GoldfishUnderTheIce
ยท 04-21 04:46
Staggered orders at 0.153/0.158/0.161 are a good idea; waiting for a pullback to confirm that 0.15 doesn't hold before adding more will be more stable.
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MultisigOnRocks
ยท 04-21 04:40
This round of RSI 80+ is indeed very hot. I'm most afraid it will continue to rise, causing all the bears to get wiped out, and then it will drop again.
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GasFeeGambit
ยท 04-21 04:39
20x is a bit aggressive, with a tight stop-loss at 0.164, be careful not to get wiped out.
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GaslightGardener
ยท 04-21 04:38
I'm more concerned about whether 0.1492 can arrive first; if it does, take some profits early and don't be greedy for the longer targets later.
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MevTeaDrinker
ยท 04-21 04:37
MACD expansion + vertical surge, a typical script of first boosting liquidity then pulling back, but it could also mean the strong trend continues; watch out for reversal signals.
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