【$ON Signal】1H bearish divergence + strong selling pressure, waiting for a pullback to buy

$ON Currently at 0.18228, 1H MACD shows a death cross and histogram turns negative, price hits a new high but momentum diverges, deep imbalance -29.12% indicates selling orders are suppressing. 4H Bollinger upper band at 0.1857, RSI at 75.6 indicating overbought, but funding rate at 0.0256% is relatively high, open interest remains stable. Short-term rally faces insufficient buy support, increasing the likelihood of a pullback.
🎯Direction: Long (buy on pullback)
⚡Entry/Order: 0.18000 (recommended entry zone between 0.15691-0.18137, wait for a pullback near 0.180)
🛑Stop loss: 0.14507
🚀Target 1: 0.18245
🚀Target 2: 0.18318
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss up to 0.1800 to break even. If price drops below 0.178, exit proactively.
Depth logic: 1H MACD bearish divergence signal combined with selling pressure in the order book, short-term profit-taking demand is strong. But the 4H trend remains bullish, and a rebound is likely after a pullback to the EMA20-1H (0.1763) support. Although the risk-reward ratio is low, the win rate depends on precise entry timing. This structure is not suitable for chasing high; patience for a pullback is more prudent.
Check real-time market 👇 $ON
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