【$ON Signal】Long position, retesting support + buy orders supporting the bottom

$ON Around 0.0916, the order thickness suddenly increased, depth imbalance shows a 6.92% bias towards buyers, 1H RSI retested 54 and quickly rebounded. Although the 4H MACD histogram is contracting, the signal line remains above zero, and the bullish pattern is intact.

🎯Direction: Long

⚡Entry/Order: 0.0916143 - 0.0918900

🛑Stop loss: 0.0909711

🚀Target 1: 0.0932683

🚀Target 2: 0.0939575

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, exit automatically to protect capital.

Funding rate is only 0.005%, indicating minimal bearish pressure. The 1H Bollinger lower band at 0.0858, combined with the previous low, forms a strong support. The current price is close to the middle band at 0.0921, indicating an upward opening. Buy orders actively raise the bid price, and after a volume increase on the decline, volume quickly decreases to stop the fall. In the tug-of-war between bulls and bears, bulls are currently favored.
View real-time market 👇 $ON
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