【$ON Signal】Multiple callbacks pullback | 1H overbought retraces EMA20

Order book depth imbalance -32%, 1H RSI 70 turning down, and the MACD bullish histogram has been shrinking for two consecutive hours. On 4H, price is still expanding above the middle band of Bollinger Bands, but short-term momentum is fading.

🎯 Direction: Wait and watch (place long orders)

⚡ Entry/Order: 0.12475 (suggested lower limit of the range)

🛑 Stop loss: 0.12375

🚀 Target 1: 0.12674

🚀 Target 2: 0.12774

🛡️ Trade management:
- Place orders and wait for the price to pull back and touch the level to enter. After entry, if Target 1 is reached, reduce the position by 50% and move the stop loss to 0.12475 to break even. Keep the remaining position for Target 2. If the price surges upward in the opposite direction before your order is filled, abandon this opportunity.

Depth logic: Funding rate 0.005% is neutral, and OI is stable, but sell-side depth accumulation is clearly noticeable. The 4H bullish structure has not been broken. The 1H overbought correction with decreasing volume is a normal adjustment. This tight profit-and-loss range requires strict discipline; profits may be thin, but compounding is the key.

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