$ON Perpetual | ICT + SMC + Elliott Wave + Fibonacci Analysis
Entry: 0.430–0.440
Stop Loss: 0.394
TP1: 0.475
TP2: 0.515
TP3: 0.575
A clean daily close above 0.4537 strengthens the bullish outlook, while losing 0.395 would invalidate the current bullish wave structure.
$ON remains decisively bullish after a strong impulsive expansion, with price reclaiming premium territory around 0.438. From an ICT perspective, buy-side liquidity above 0.4537 has nearly been engineered, while the recent rally confirms bullish market structure with multiple Breaks of Structure (BOS). Smart Money continues defending higher lows, suggesting institutions are accumulating rather than distributing. Elliott Wave structure indicates Wave 3 has likely extended, with the current consolidation representing Wave 4 before a potential Wave 5 continuation. Fibonacci retracement measured from the latest impulse projects the 0.382 retracement near 0.395, making it the ideal demand zone if a pullback occurs. RSI remains elevated, signaling momentum is strong but short-term cooling is possible before the next leg higher. A sustained breakout above 0.4537 should trigger fresh liquidity and accelerate bullish continuation.
Trade Title: ONUSDT PERP – ICT Bullish Liquidity Sweep Breakout
Trade $ON here 👇🏻👇🏻
Entry: 0.430–0.440
Stop Loss: 0.394
TP1: 0.475
TP2: 0.515
TP3: 0.575
A clean daily close above 0.4537 strengthens the bullish outlook, while losing 0.395 would invalidate the current bullish wave structure.
$ON remains decisively bullish after a strong impulsive expansion, with price reclaiming premium territory around 0.438. From an ICT perspective, buy-side liquidity above 0.4537 has nearly been engineered, while the recent rally confirms bullish market structure with multiple Breaks of Structure (BOS). Smart Money continues defending higher lows, suggesting institutions are accumulating rather than distributing. Elliott Wave structure indicates Wave 3 has likely extended, with the current consolidation representing Wave 4 before a potential Wave 5 continuation. Fibonacci retracement measured from the latest impulse projects the 0.382 retracement near 0.395, making it the ideal demand zone if a pullback occurs. RSI remains elevated, signaling momentum is strong but short-term cooling is possible before the next leg higher. A sustained breakout above 0.4537 should trigger fresh liquidity and accelerate bullish continuation.
Trade Title: ONUSDT PERP – ICT Bullish Liquidity Sweep Breakout
Trade $ON here 👇🏻👇🏻