【$ON Signal】1H Bollinger Breakout + RSI Overbought, Pullback for Long Entry

$ON 1H RSI soared to 86.4, 4H Bollinger Upper Band at 0.1585 has been strongly broken. Funding rate at 0.0718% is relatively high but not extreme, buy depth ratio of 1.01 indicates balanced buying and selling. MACD double cycle continues to expand, bullish momentum has not diminished. Current price at 0.17003, has broken above the suggested entry zone upper limit of 0.16918, short-term chasing for longs offers limited space, risk-reward ratio is poor.
Personal assessment: The current price level presents an unfavorable risk-reward ratio, but the trend is strong. Waiting for a pullback to support before entering is more prudent.
🎯Direction: Long (place order on pullback)
⚡Entry/Order: 0.16500 (within the suggested entry zone of 0.14359-0.16918)
🛑Stop loss: 0.13850
🚀Target 1: 0.17017
🚀Target 2: 0.17085
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss up to the entry price. If price falls back to 0.165, automatically exit to protect principal.
Depth logic: 4H Bollinger Bands widening, trading volume continuously increasing, driving the rally. Although 1H RSI is overbought, no bearish divergence has formed, and in strong trends, RSI can stay high. A pullback near 0.165 is supported by the 1H EMA zone; after entering long, a quick surge could generate short-term pulse profits.
Check real-time market 👇 $ON
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