The long liquidation around $0.26203 on $on looks like a healthy reset after excessive leverage was cleared from the market. I'm not interested in catching the first bounce. I'd rather see price hold this area and show buyers stepping back in with stronger volume. If support stays intact, the chart has room for a recovery toward the next resistance levels. If sellers continue to push below support, I'll stay on the sidelines and wait for a better structure.
EP: $0.2600–$0.2630
TP: $0.2730 | $0.2860 | $0.3000
SL: $0.2510
$on #on
