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【$ON Signal】Strong breakout, pullback to add longs
$ON 4H Bollinger Band upper band 0.1678 has been broken, current price 0.17438 trading at a high. 1H MACD bars narrowing, momentum weakening. Funding rate at 0.0857% is relatively high, bullish and bearish tug-of-war intensifies. Current risk-reward ratio is not ideal, but the trend is strong. Short-term trading requires strict discipline.
🎯Direction: Long (buy on pullback)
⚡Entry/Order: 0.17351
🛑Stop Loss: 0.14079
🚀Target 1: 0.17686
🚀Target 2: 0.17757
🛡️Trade Management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If price falls back into entry zone, automatically exit to protect principal.
Depth logic: 4H buying pressure continues to push higher, but 1H momentum weakens, overbought zone shows no clear signs of support from funds. OI remains stable, selling pressure not significantly released. Pullback to 0.17351 is the upper boundary support of the range, aiming for a second surge. Stop loss placed below EMA50 at 0.14079, slightly large but prevents false breakouts and deep retracements. Targets only near previous highs, quick small profits, enter and exit fast.
View real-time market 👇 $ON
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