【$ON Signal】Pullback to buy, 1H level charging up for launch

$ON The 1H level repeatedly tests the EMA20 support around 0.1470, with the 4H Bollinger Band middle line at 0.1253 forming a strong bottom. MACD on the 1-hour chart shows a narrowing histogram despite being negative, indicating weakening bearish momentum. The order book depth imbalance of 2.83% favors buyers, and the funding rate of 0.0753% remains within a healthy range, with no extreme short squeeze risk.

🎯Direction: Pullback to go long

⚡Entry/Order: Within the 0.13136 - 0.14751 range, buy in parts if the price pulls back near 0.1420.

🛑Stop loss: 0.12268

🚀Target 1: 0.14872

🚀Target 2: 0.15740

🛡️Trade management:
- Execution strategy: After the price reaches 0.14872, halve the position and move the remaining stop loss to the entry price. If the price cannot hold above 0.1470 and falls below again, consider exiting early.

Current holdings are stable, with no panic exits after the rally. On the 1-hour level, buy orders are heavily accumulated around 0.1443 (EMA20), with multiple dips quickly pulled back, showing strong support in this area. The 4-hour MACD fast and slow lines remain above zero, indicating the overall trend is intact. This pullback appears to be a consolidation during an upward move. The risk-reward ratio is close to 1:1, making it an acceptable short-term trading range.

Check real-time market 👇 $ON
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