【$ON Signal】Short squeeze pullback, long position sniper

$ON 1H timeframe surges higher then pulls back, price encounters selling pressure near the upper band of the 4H Bollinger at around 0.1524, but there is clear support below at 0.1444 (1H EMA20). The 4H MACD histogram is still expanding, indicating bullish momentum has not exhausted.

🎯Direction: Pullback to go long

⚡Entry: Enter directly around 0.15127, or place a pending order at 0.13006 for ambush.

🛑Stop loss: 0.12199

🚀Target 1: 0.15206

🚀Target 2: 0.15267

🛡️Trade management: - Execute strategy: Take partial profit at Target 1, move remaining stop loss to entry price. If price falls back to entry level, exit unconditionally.

Order book imbalance of 2.46% shows buy orders still dominate, combined with a funding rate as high as 0.1093%, indicating significant cost pressure on short positions. Although the 1H MACD double lines are still close, the 4H remains in a strong zone. Under this structure, as long as the price does not effectively break below 0.1444, it is likely to trigger a new round of short squeeze. Stable open interest also suggests that chips are not being widely loosened.

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