【$ON Signal】Waiting for a pullback, low-level accumulation

$ON 1H timeframe surged higher then entered a narrow consolidation, with the price repeatedly testing the 0.145-0.147 zone. The upper band of the 4H Bollinger Bands at 0.1542 acts as clear resistance, and the 1H MACD fast and slow lines crossed below the zero line and continue to diverge downward, with the histogram expanding in negative territory, indicating short-term momentum is waning. Market depth data shows buy orders are slightly dominant, but the funding rate at 0.0438% is relatively high, increasing the holding cost for longs.

The current price is near the upper edge of the suggested entry zone, making chasing higher directly unfavorable in risk-reward terms. A better strategy is to wait for the price to pull back to the 0.13126-0.14613 range’s lower edge for support.

⚡Order: Place a long order around 0.1320.

🛑Stop loss: 0.12258.

🚀Target 1: 0.14862.

🚀Target 2: 0.15730.

🛡️Trade management:
- Execution strategy: After the price reaches 0.14862, halve the position; move the remaining stop loss up to the entry price. If the price fails to hold above 0.146 and falls back, consider exiting early.

The 4H EMA20 and EMA50 remain in a bullish alignment, indicating the medium-term trend is intact. However, the divergence between volume and price on the 1H chart warrants caution, as the last 4-hour candle closed with a long upper shadow, suggesting selling pressure above 0.157 is beginning to emerge. Under this structure, pulling back to the dense moving average zone before re-entering would offer a much better risk-reward ratio. Market sentiment is shifting from euphoria to hesitation, creating a window for low-level buying opportunities.

Check real-time market 👇 $ON
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#GatePreIPOs首发SpaceX #Gate13周年现场直击 #比特币反弹