【$ON Signal】Overbought at the end, waiting for a pullback to buy

$ON RSI 1H soared to 82.09, buying strength 0.49, funding rate 0.0609% slightly high. The 4H Bollinger upper band at 0.1555 has been broken, but the deep deviation of -15.13% suggests increasing selling pressure above. The risk-reward ratio for chasing longs is poor, more inclined to wait for the price to retrace to around 0.1520 for support.

🎯Direction: Long (pullback order)

⚡Entry/Order: 0.1520

🛑Stop loss: 0.1382

🚀Target 1: 0.1617

🚀Target 2: 0.1623

🛡️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, automatically exit to protect capital.

Current 1H momentum is still expanding but RSI is extreme, and the positive funding rate indicates high cost for longs. A deep pullback may occur. Control position size and wait for clear signs of a trend reversal before entering.

View real-time market 👇 $ON
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