【$ON Signal】4H overbought zone, funding rate is relatively high, waiting for a pullback to go long

$ON RSI 4H surges to 81.91, MACD histogram begins to shrink, funding rate at 0.05% high level.
Buy order depth ratio 1.37, but 1H buy order ratio drops from 0.57 to 0.51, indicating increasing selling pressure at high levels.
Current price 0.18933 breaks above the 4H Bollinger Band upper band at 0.1874, but volume is decreasing, signs of waning bullish momentum.
Risk-reward ratio is poor, patience is advised for a better entry point.

🎯Direction: Watchful (place buy orders)

⚡Order: 0.18838 (recommended upper range, buy on pullback)

🛑Stop loss: 0.14537

🚀Target 1: 0.18923

🚀Target 2: 0.18999

🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss up to 0.1884 to break even.
If price falls back below 0.18838, automatically exit.

Depth logic: OI remains stable, but 1H MACD histogram shrinks for two consecutive bars, no new high in price, forming a top divergence.
Funding rate at 0.05% is relatively high but not yet at the liquidation threshold, short-term correction likely.
Place orders waiting for a pullback, do not chase highs.

Check real-time market 👇 $ON
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