$ON Signal】Pullback continuation: Overbought area waiting for a pullback to EMA20


$ON RSI 4H soared to 81.75, sell depth ratio 0.54, funding rate 0.0596% slightly high. 1H MACD histogram shrank to 0.0006, momentum clearly weakening. Price hit new highs, but there is a gap in buying pressure, indicating distribution at high levels.
🎯Direction: Long (place order waiting for a pullback)
⚡Entry/Order: 0.1740
🛑Stop Loss: 0.14537
🚀Target 1: 0.18871
🚀Target 2: 0.18947
🛡️Trade Management: - Reduce 50% at Target 1, move stop loss to break-even. If the price falls below the entry price, automatically exit.
Current risk-reward ratio is not ideal, but after a pullback to EMA20 support, a technical rebound is expected. Short-term can take a small position for trading.
Check real-time market 👇 $ON
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