ONON | Falling Knife or Buying Opportunity?On Holding AG Class ABATS:ONONibraheeemzThis is not a confirmed buy yet — but the chart is moving into an interesting high-confluence reversal zone. 📉 Falling Wedge Price has been making lower highs and lower lows inside a contracting bearish structure. The wedge is approaching its apex, increasing the probability of a directional resolution. 🟢 Major Support ≈ $29–30 Price has now reached a historically important horizontal support area. This is the key level I want to see defended. 📊 Bullish Divergence While price has continued making lower lows, momentum is showing a higher-low structure — an early warning that selling pressure may be exhausting. ⚠️ But… don't catch the knife yet. The latest weekly candle is still heavily bearish. Support alone isn't confirmation. 🎯 The setup I'm watching Bullish confirmation: ➡️ $29–30 holds ➡️ Bullish reversal candle forms ➡️ Price breaks the falling-wedge resistance ➡️ Momentum confirms 🚀 That would turn this from a falling knife into a potential swing opportunity. If $29 breaks decisively on a weekly closing basis, the setup weakens considerably and I'd rather wait for a new base than average down. My bias: 🟡 WATCH → 🟢 BUY ON CONFIRMATION The interesting part isn't “it has fallen a lot.” It's the support + falling wedge + bullish divergence confluence. That's what makes ONON worth watching here.