【$ON Signal】Pullback to go long, 1H level capital support exposure revealed

$ON The 1H level repeatedly tests around 0.149, with buy-side depth clearly better than sell-side, but the 4H RSI has surged to 82.46, sharply increasing short-term chasing risk. The 1H MACD momentum histogram begins to shrink, indicating a slowdown in upward momentum, but the price has not significantly retraced, fully exposing the capital support intention.

🎯Direction: Pullback to go long

⚡Entry/Order placement: Within the 0.10611 - 0.14912 range, wait for the price to retest around the 1H EMA50 line at 0.1122 or below to place orders.

🛑Stop loss: 0.09423

🚀Target 1: 0.15000

🚀Target 2: 0.15060

🛡️Trade management: - Execute strategy: After reaching Target 1, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.149 and quickly falls back, consider exiting early.

Order book depth imbalance reaches -39.63%, with limited active selling pressure. The 4H Bollinger Band upper band has been pierced, usually accompanied by short-term oscillation. The current risk-reward ratio is acceptable, but patience is needed to wait for a more comfortable entry point, avoiding buying at emotional highs. This high-level sideways movement is either a "top-up" or a pre-distribution signal; catching the dip is more reliable than chasing the rally.

Check real-time market 👇 $ON
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