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

$ON The 1H level is consolidating around 0.146, with the 4H Bollinger Band upper band at 0.1475 forming short-term resistance. The MACD histogram is contracting on the 1-hour level, but on the 4-hour level it is still expanding strongly, indicating that the momentum on the larger cycle has not exhausted. Market depth shows a slight advantage for the sellers, but the funding rate is as high as 0.05%, putting ongoing cost pressure on the bears.

Current price at 0.1463, go long directly, with a stop below 0.12089. The first target is 0.14664, take half profit at that level, and for the remaining position, aim to protect the principal at 0.14723.

The 1-hour EMA50 forms dynamic support at 0.1297, resonating with the lower boundary of the suggested entry zone at 0.12755. After yesterday’s massive surge, the buy volume on the 4-hour level has not significantly decreased, and selling pressure is being absorbed in an orderly manner. The current risk-reward ratio is acceptable; the key is whether the price can quickly break away from the current congestion area to avoid prolonged consolidation in high-pressure zones that could drain bullish momentum.

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