The market is testing patience, and ON is showing a 24 hour decline of 5.92 percent at a displayed price of 0.1206. Red candles can create fear, but they can also reveal where buyers are willing to defend a price. The important thing is to distinguish a genuine recovery from a temporary bounce.
I am watching whether ON can stabilize, form a higher low, and attract stronger buying volume. If price reclaims important short term resistance with convincing participation, a recovery attempt could develop. If selling continues and support fails, another downward move remains possible.
EP: 0.1206
TP1: 0.1266
TP2: 0.1327
SL: 0.1146
These are illustrative levels, not verified support or resistance. The displayed decline alone is not proof that a bottom has formed.
The next session matters. I want to see buyers demonstrate strength rather than assume the worst is over. Patience, confirmation, and disciplined risk control will decide the trade. I am ready for the move, but I will not fight the trend without evidence.
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