【$ON Signal】Go long (place order) + wait for depth to retrace to enter long

Depth deviation -29.12%, sell orders concentrated, short-term upward resistance is high. Funding rate 0.0256% reflects bullish crowding, but the 4H Bollinger upper band at 0.1857 has been touched twice, buying power is weakening. 1H MACD has formed a death cross, RSI has fallen from 75 to 60, indicating profit-taking and exit signals. Order at 0.15691, waiting for price to fully retrace near the 4H middle band, aiming for a second rally.
🎯Direction: Go long (order retracement)
⚡Entry: 0.15691
🛑Stop loss: 0.14507
🚀Target 1: 0.18245
🚀Target 2: 0.18318
🛡️Trade management: Reduce 50% of position upon reaching Target 1, move stop loss to break-even. If the price drops below 0.15691 and quickly rebounds, it can be considered a false breakout, but execute strictly according to plan.
Current price 0.18228 is far from entry, placing orders can avoid chasing the high. Willingness to buy around 0.15691 still needs observation, but the risk-reward ratio is about 1:2.5, making it worth waiting.
Check real-time market 👇 $ON
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