Not every opportunity starts with a green candle.
ON is currently around 0.1054 with a 24 hour decline of 0.65 percent. While that puts it on the weaker side of the board today, weakness can sometimes create the setup for a reversal if buyers step in at the right level.
The wider market is becoming more active, but the internal picture is still selective. Bitcoin dominance is close to 59 percent, meaning capital has not fully rotated into smaller assets yet.
That is exactly why support matters.
For ON, I am watching the 0.1020 to 0.1040 area.
If that region holds and buyers reclaim 0.1060, the setup could begin changing from weakness into recovery.
EP: 0.1054
Support zone: 0.1020 to 0.1040
TP1: 0.1090
TP2: 0.1140
TP3: 0.1200
SL: 0.0985
I would not chase ON simply because the market starts moving higher. I want confirmation that sellers are losing control.
A successful reclaim followed by a higher low would be the signal I want to see.
Sometimes the biggest moves begin from the coins everyone has stopped watching.
ON is on the watchlist.
I am ready for the move.
