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

$ON The 1H level is consolidating sideways around 0.147, with buy-side depth imbalance reaching -34.49%, and selling pressure is明显. The upper band of the 4H Bollinger Bands at 0.1514 acts as short-term resistance, but the MACD histogram is still contracting above the zero line, indicating the bullish trend has not been fully broken. The 1H MACD fast and slow lines have a death cross, but the price has not dropped sharply, indicating a strong consolidation.

The current price is near the upper boundary of the suggested entry zone, chasing high directly is risky. It’s better to place orders and wait.

⚡Entry: Place orders in the 0.12966 - 0.14654 range, gradually accumulating.

🛑Stop loss: Set below 0.12189 uniformly.

🚀Target 1: First target at 0.14520.

🚀Target 2: Second target at 0.15297, near the previous high.

🛡️Trading management:
- Execution strategy: When the price reaches 0.14520, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.146 and falls back again, consider exiting early.

The 1H EMA50 at 0.1312 provides dynamic support, overlapping with the entry zone. The funding rate of 0.076% is relatively high but not extreme, and stable OI indicates no large-scale capitulation. Under this structure, if the price pulls back to the dense moving average area and rebounds quickly, it signals bulls are regaining strength. Waiting for a retracement at this position for a better risk-reward ratio will be more comfortable.

Check real-time market 👇 $ON
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