【$ON Signal】1H momentum decay, waiting for a pullback to go long

$ON RSI 4H surged to 82.45, buying momentum is contracting at the 1H level. The upper band of Bollinger Bands at 0.1866 forms short-term resistance. Funding rate is 0.0664%, long positions have high costs, and profit-taking pressure is increasing. Depth ratio of 2.28 indicates the support below is still present, but signs of distribution at high levels are emerging. The 1H MACD histogram shrank from 0.0045 to 0.0011, indicating weakening bullish strength. The 4H trend remains upward, but the short-term divergence is too large, likely to retest EMA20 (0.1512) or the midline at 0.1458. Strategy: wait for the price to pull back to around 0.16974 (a dense zone on the 1H chart) and stabilize before entering a long position. Set stop loss at 0.14238, target at 0.17886. If it directly breaks through 0.1823, then observe and do not chase. Overall risk-reward ratio is average, but volatility is high, providing short-term trading opportunities.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 0.16974 (buy low within suggested range)

🛑Stop loss: 0.14238

🚀Target 1: 0.16974 (break-even)

🚀Target 2: 0.17886

🛡️Trade management:
- Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back to the entry level, automatically exit to protect principal.

Depth logic: OI remains stable, but the high funding rate suggests crowded longs. Once the price pulls back, liquidation pressure will accelerate. The 4H Bollinger Bands are widening, but the price has already broken above the upper band; a reversion to the midline is highly probable. The 1H RSI has fallen from overbought levels, waiting for stabilization signals in the 58-63 range.

Check real-time market 👇 $ON
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