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$ON Price is currently moving in a recovery structure after a sharp rejection from the lower zone. On the 1H timeframe, the market bounced strongly from the 0.0995 support, showing buyers are active at lower levels.
EMA structure is improving — short-term averages are trying to stay above the mid-range, which suggests buyers still have control unless support breaks. Momentum indicators are slightly cooling, meaning a small pullback is healthy, not weakness.
🔍 Multi-Timeframe Outlook
• Short term (15m–1H):
Price is consolidating above key support. As long as it holds above 0.105, upside attempts can continue.
• Mid term (4H):
Market structure favors a push toward the previous rejection zone. A clean break above resistance can open room for continuation.
• Invalidation:
If price loses 0.099, the bullish idea weakens and range trading may return.
🧠 Bias Summary
This is my personal market view, not financial advice. Market behavior can change anytime — always manage risk.