【$ON Signal】4H overbought + deep negative value, short-term correction faces strong resistance

$ON RSI 77.58 reaches an extreme zone on the 4H chart, buy depth -51.42% reveals high-level weak hands. The 1H MACD histogram shrinks to 0.0001, momentum nearly stalls. Price pulls back from 0.1849 and consolidates sideways, selling pressure continuously suppresses around 0.177.
🎯Direction: Long (pullback pending order)
⚡Entry/Order: 0.17526
🛑Stop Loss: 0.14328
🚀Target 1: 0.17666
🚀Target 2: 0.17737
🛡️Trade Management: - Execute strategy: reduce 50% of position after reaching Target 1, and move stop loss to breakeven. If price falls back into the entry zone, automatically exit to protect capital.
Depth logic: The 4H Bollinger upper band at 0.1779 forms short-term resistance, funding rate data is missing but the imbalance in depth suggests sellers are dominant. Current risk-reward ratio is very low, suitable only for very light position rebounds. If depth continues to worsen, abandon pending orders.
View real-time market 👇 $ON
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