【$ON Signal】Short squeeze continues, buy on 1H pullback!

$ON The 1H timeframe is currently in a high-level consolidation after an epic rally, with RSI(1H) reaching as high as 84. Overbought conditions are severe, but the price refuses to dip sharply. This is a typical strong short squeeze characteristic. The 4H timeframe shows a confirmed trend with a single large bullish candle, current open interest remains stable, and the funding rate at 0.0526% is positive but not overheated, indicating that the bulls are still in control. Market depth shows sell orders stacking above 0.1091, but buy support is dense. The depth imbalance of -12.47% suggests short-term pullback pressure, but also signals that bulls are gathering strength.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1075 - 0.1082 (Reason: 1H EMA20 dynamic support zone & previous 1H candle low area )

🛑Stop Loss: 0.1055 (Reason: Break below recent 1H consolidation low & ATR(14) times 1 below )

🚀Target 1: 0.1120 (Reason: Previous high resistance & initial sell pressure zone )

🚀Target 2: 0.1155 (Reason: Historical high & psychological round number )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: RSI is extremely overbought, volatility is high, strict risk control needed )

- Execution strategy: Use scaled profit-taking. After reaching Target 1, close 50% of the position and move the remaining stop loss to the entry price. If the price strongly breaks above 0.1120 and stabilizes, consider the second target at 0.1180. If the price cannot quickly rally after entry and falls back to the cost area, exit immediately.

Depth logic: This 27% violent surge accompanied by massive volume is a typical driven by main capital. Although RSI is high, in the hot coin short squeeze scenario, overbought can become more overbought. The key is whether the price can consolidate strongly above the 1H EMA20(0.093). Stable open interest rather than declining indicates that bulls have not taken large profits, and confidence remains. The current strategy is to abandon chasing highs, patiently wait for a 1H volume-reducing pullback, and set up long positions at key support zones to prepare for the second pulse.

Trade here 👇 $ON

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